Block’s Price Target Raised at Mizuho Securities 
<p>Despite a 14% post-earnings sell-off due to slowing July gross profit trends, Mizuho Securities expressed confidence in <a href='https://financialmodelingprep.com/financial-summary/SQ'>Block (NYSE:SQ)</a> and reiterated a Buy rating on the stock. After analyzing the company's recent results, the analysts discovered that the updated gross profit and operating expense guidance implies an adjusted EBITDA floor of $1.6 billion for 2023, about 7% ahead of the $1.5 billion EBITDA guide.</p>
<p>Based on this analysis, the analysts increased the price target for the stock from $85 to $90. Looking ahead to the third quarter, they expect a potential upside to approximately $430 million in adjusted EBITDA compared to the implied guide of around $366 million. </p>

NYSE:SQ