Keefe Bruyette analyst Sanjay Sakhrani reduced his price target on Block to $100, down from its previous level at $150, according to The Fly. To give that context, the new, lower price target still represents potential gains for investors of 58% from the stock's closing price on Monday. The analyst has been reading the digital tea leaves and says the second quarter results for most payment processors are "looking to be mixed." Read More...
Keefe Bruyette analyst Sanjay Sakhrani reduced his price target on Block to $100, down from its previous level at $150, according to The Fly. To give that context, the new, lower price target still represents potential gains for investors of 58% from the stock’s closing price on Monday. The analyst has been reading the digital tea leaves and says the second quarter results for most payment processors are “looking to be mixed.”
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