HomeBusinessFinance Sector Stock NewsBlock (SQ) Gets Downgraded, Can’t Match Up To PayPal (PYPL)

Block (SQ) Gets Downgraded, Can’t Match Up To PayPal (PYPL)

Block (SQ) was downgraded by a Mizuho analyst from buy to neutral. Alex Coffey and Jenny Horne discuss SQ as it has been struggling. Mizuho also cut SQ’s price target to $57 from $125. They talk about how SQ cannot rival PayPal (PYPL) any longer. Additionally, SQ lost a lot of innovation and value. They then compare the rise and fall of SQ and compare it to bitcoin (/BTC), noting that the charts are similar. Alex then demonstrates an example trade using SQ. Tune in to find out more about the stock market today.

Next Gen Investing

22 Sep 2022

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