Goldman Sachs analyst Will Nance assumed coverage on Block, Inc. (NYSE:SQ) stock with a Buy rating and price target of $80.
The analyst considers the company a leading player in SMB payments and consumer fintech, building on its extensive history of product-led innovation.
The analyst said that they believe the company's strategy of focusing on direct deposits, advancing its neobank leadership by targeting higher market segments, and adding more financial services use cases to the platform is compelling.
The company has started scaling free cash flow and valuation support, introduced a Rule of 40 frameworks, transitioned to GAAP-based targets (including SBC), and continues to expect mid-teens gross profit growth, writes the analyst.
Nance says that based on their estimate, the shares trade at about 18 times the 2025 adjusted EPS estimate. This is attractive for a company projected to achieve double-digit top-line growth and have several high-potential initiatives to accelerate growth.
Investors can gain exposure to the stock via ARK Fintech Innovation ETF (NYSE:ARKF) and ARK Next Generation Internet ETF (NYSE:ARKW).
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
高盛分析師Will Nance承擔了對Block, Inc.(紐約證券交易所代碼:SQ)股票的報道,給予買入評級和80美元的目標股價。
該分析師認爲,該公司憑藉其產品主導型創新的悠久歷史,是中小企業支付和消費金融科技領域的領先企業。
這位分析師表示,他們認爲該公司專注於直接存款,通過瞄準更高的細分市場來提升其新銀行的領導地位,以及爲該平台增加更多金融服務用例的戰略很有吸引力。
分析師寫道,該公司已開始擴大自由現金流和估值支持,引入了40條框架,過渡到基於GAAP的目標(包括SBC),並繼續預計十幾歲的毛利將增長。
Nance說,根據他們的估計,股票的交易價格約爲2025年調整後每股收益估計值的18倍。對於一家預計實現兩位數收入增長並有幾項高潛力舉措來加速增長的公司來說,這很有吸引力。
投資者可以通過方舟金融科技創新ETF(紐約證券交易所代碼:ARKF)和方舟下一代互聯網ETF(紐約證券交易所代碼:ARKW)獲得股票敞口。
免責聲明:此內容部分是在人工智能工具的幫助下製作的,並由Benzinga的編輯審閱和發佈。