Block shares have lagged the broad market this year, and a UBS analyst doubts there's much upside ahead for the payment-technology name.
Block Inc. shares have lagged the broader market this year, and a UBS analyst doubts there’s much upside ahead for the payment-technology name.
“While Block continues to make progress on profitability and repeatedly outperforms quarterly expectations on adjusted [earnings before interest, taxes, depreciation and amortization], investors remain more focused on Block’s gross profit growth potential, we believe,” Kumar said. Block shares fell 1.9% in Wednesday trading. The stock is off 8% so far this year, as the S&P 500 SPX has advanced 16%.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
UBS downgrades this digital payments stock, slashes price targetUBS downgraded shares to neutral from buy, citing a limited growth outlook
Weiterlesen »
UBS upgrades this restaurant tech stock that can rally nearly 40%The bank upgraded shares to buy from neutral in a Wednesday note.
Weiterlesen »
'Most at risk': UBS downgrades 2 major automakers over China EVs threatThe investment bank warned that Europe's biggest automakers are set to lose market share to Chinese firms such as Warren Buffett-backed BYD.
Weiterlesen »
UBS to absorb Credit Suisse's Securities Research offeringUBS will absorb Credit Suisse's Securities Research service later in September, wrapping the business into its own research operations, the bank said in a letter.
Weiterlesen »
UBS may try to renegotiate deal terms with Apollo after sale of securitized products unit: BloombergUBS AG executives may seek to renegotiate the sale Credit Suisse’s securitized products unit (SPG) to Apollo Global Management Inc. partly because of the...
Weiterlesen »
UBS CEO insists bank not too big after Credit Suisse takeover By ReutersUBS CEO insists bank not too big after Credit Suisse takeover
Weiterlesen »