Block Inc (NYSE:SQ), formerly known as Square, Inc., just recently upgraded to Outperform by John Davis from Raymond James with higher price target of $115 per share indicating potential upside of 33%.

• Warning! GuruFocus has detected 7 Warning Signs with SQ.

The analyst took into account Block's Seller GPV (Gross Payment Volume) for the third quarter of 2024 that was approximately $52 billion. This metric is highly important as it shows the total volume of card payments conducted through merchants with Block's solution. And the higher the GPV, the higher the transaction number and merchant adoption to Block's services.

Block offers financial services apps such as Cash App that is known for its point-of-sale systems, and Afterpay; a buy now, pay later service; Bitkey, a bitcoin wallet; and there is also Tidal, a music streaming service.

For 2025, Davis was confident with Block's growth trajectory and expected double-digit GPV growth from the ease in comparison, new sales momentum, global expansion and product innovation.

The average brokerage recommendation from Davis and other 47 analysts for Block Inc indicates Outperform status.

The scale rates 2.0 for Outperform where 1 signifies Strong Buy and 5 denotes Sell. And the average price target for Block Inc is $99.69 with the highest estimate of $125.00 and the lowest at $57.00. The average target implies an upside of +8.96% from the current price of $91.49.

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