Block Stock Gets a Price Target Cut. But There Are Reasons to Be Bullish.

The market is currently littered with the debris of once high-flying growth stocks. There have been savage pullbacks for many over the past year. Block (SQ) is one such name to have suffered at the hands of rotation, while also being hampered with some very tough comps due to the elevated success the company saw at the height of the pandemic.

Since the reopening, however, it has been a different story, and now RBC’s Daniel Perlin thinks it’s time to make some adjustments to his SQ…

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