Why Block Investors Were on Edge Thursday

·2 min read

Shares of Block (NYSE: SQ) traded lower Thursday, slipping by as much as 7.5%. The broader market was in a slump today, which was no doubt a contributing factor in the stock's drop, but the bearish sentiment of a Wall Street analyst further fueled the decline. Truist analyst Andrew Jeffrey lowered Block's price target to $105 from $145, while maintaining a buy rating on the stock, according to The Fly.

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