Goldman Sachs assumed coverage of Block with a Buy rating and $80 price target, which offers 27% upside. The firm views Block as one of the leaders in small business payments and consumer fintech, “capitalizing on its long history of product-led innovation.” The shares have been range-bound for effectively six years, but Block has begun scaling free cash flow and valuation support, introducing a “Rule of 40” framework, the analyst tells investors in a research note.
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