5 Stocks Hedge Funds and Wall Street Analysts Are Crazy About

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1. Block, Inc. (NYSE:SQ)

Upside Potential: 84.99%
Number of Hedge Fund Holders: 66

Based in San Francisco, California, Block, Inc. (NYSE:SQ) is a company that develops and offers tools that allow sellers to accept card payments and provide reporting and analytics. The company offers hardware products, including Square Register, which combines point-of-sale software and payments technology.

Shares of Block, Inc. (NYSE:SQ) have had a rough run going by the deep pullback. Nevertheless, the company is getting a new CEO, with CEO Alyssa Henry stepping down. Management changes could be the catalyst to reinvigorate the company’s prospects.

Based on 32 Wall Street analysts offering 12-month price targets for Block, Inc. (NYSE:SQ) in the last three months, the average price target is $79.86, with a high forecast of $110.00 and a low forecast of $46.00. The average price target represents an 84.99% change from the last price of $43.17.

Insider Monkey took a look at Block, Inc. (NYSE:SQ) hedge funds at the end of Q2 and found out that 66 had invested in the company with Catherine D. Wood‘s ARK Investment Management, the largest stockholder with 10.73 million shares that were worth $714.09 million.

Follow Block Inc. (NYSE:SQ)

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