Jefferies Increases Block (XYZ) Price Target to $75, Maintains Buy Rating

Reported about 9 hours ago

Jefferies has raised the price target for Block, Inc. (NYSE:XYZ) from $70 to $75 while retaining a Buy rating, following analysis of the company's recent job listings and growth trends. The increase in job openings, particularly in sales, signals Block's strategy to expand its market presence. Despite a reduction in engineering roles after a workforce cut, Block continues to make strides in the enterprise sector, including participation in industry events.

Source: YAHOO

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