Block says Cash App has 44 million verified monthly users after Hindenburg report
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Add to Block (SQ) as 'detractors have a hollow argument' - Truist
April 3, 2023 10:20 AM EDTTruist analyst Andrew Jeffrey told clients in a note Monday they should add to Block (NYSE: SQ) as they are increasingly convinced "detractors have a hollow argument."
The analyst reiterated a Buy rating and $105 price target on the stock. His note follows... More
Block's (SQ) response to short report 'reassuring' - Morgan Stanley
March 31, 2023 9:19 AM EDTBlock's (NYSE: SQ) additional response to Hindenburg Research's short report was "reassuring," said Morgan Stanley analyst James Faucette.
The company released a statement on Thursday answering some questions regarding Hindenburg's claims. Block said it has "more than 51 million monthly transacting actives," with approximately 44 million verified, and that its approach to... More
Block's (SQ) response to short report results in mixed reaction from Wall Street analysts
March 30, 2023 2:00 PM EDTBlock (NYSE: SQ) shares rose Thursday after the company spoke out again in response to Hindenburg Research's short report last week.
Hindenburg disclosed a short position in the company and alleged Block inflated user metrics on Cash App and didn't rein in criminal activity by users.
Answering questions on its user... More
