{"id":2578,"date":"2024-11-13T11:02:10","date_gmt":"2024-11-13T11:02:10","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2578"},"modified":"2024-11-13T11:02:10","modified_gmt":"2024-11-13T11:02:10","slug":"jack-dorseys-block-shares-rally-as-piper-sandler-initiates-coverage-with-overweight-rating-heres-what-other-analysts-are-saying","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2578","title":{"rendered":"Jack Dorsey&#8217;s Block Shares Rally As Piper Sandler Initiates Coverage With &#8216;Overweight&#8217; Rating: Here&#8217;s What Other Analysts Are Saying"},"content":{"rendered":"<div>\n<p>Shares of <strong>Block Inc.<\/strong> (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/SQ#NYSE\">SQ<\/a>), led by <strong>Jack Dorsey,<\/strong> closed up 4.62% on Tuesday, gaining over 16% in the past five days as <strong>Piper Sandler<\/strong>\u2018s Managing Director and Senior Research Analyst <strong>Arvind Ramnani<\/strong> initiated coverage with an \u201coverweight\u201d rating and set a price target of $83 per share. <\/p>\n<p>Block shares on Tuesday outperformed their benchmark indices, as the NYSE Composite closed 0.81% lower and the Russell 2000 dropped 1.77% on the same day.<\/p>\n<p><strong>What Happened:<\/strong> Ramnani\u2019s investor note highlights Block\u2019s skill in launching new ventures, including its cryptocurrency business, and penetrating large fintech markets, TipRanks <a href=\"https:\/\/www.tipranks.com\/news\/the-fly\/block-assumed-with-an-overweight-at-piper-sandler-2\">reported<\/a>. The analyst estimates a $130 billion total addressable market for Block\u2019s Square payments business and a $75 billion market for its Cash App payment app.<\/p>\n<p><strong>Also read:<\/strong> <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41833692\/jack-dorsey-reaffirms-blocks-bitcoin-centric-vision-to-boost-digital-wallet-mining-businesses-companys-btc-stash-grows-by-15m-in-q3\" target=\"_blank\" rel=\"noreferrer noopener\">Jack Dorsey Reaffirms Block&#8217;s Bitcoin-Centric Vision To Boost Digital Wallet, Mining Businesses\u2014 Company&#8217;s BTC Stash Grows By $15M In Q3<\/a><\/p>\n<p><strong>Why It Matters:<\/strong> The coverage was initiated after <a href=\"https:\/\/www.benzinga.com\/news\/earnings\/earnings-beats\/24\/11\/41852746\/block-reports-mixed-q3-analysts-consider-preliminary-2025-outlook-as-aggressive\">Block reported its third-quarter &#8230;<\/a><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/analyst-ratings\/price-target\/24\/11\/41933060\/jack-dorseys-block-shares-rally-as-piper-sandler-initiates-coverage-with-overweight-\" alt=\"Jack\" dorsey block shares rally as piper sandler initiates coverage with rating: here what other analysts are saying>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Block Inc. (NYSE:SQ), led by Jack Dorsey, closed up 4.62% on Tuesday, gaining over 16% in the past five days as Piper Sandler\u2018s Managing Director and Senior Research Analyst Arvind Ramnani initiated coverage with an \u201coverweight\u201d rating and set a price target of $83 per share. Block shares on Tuesday outperformed their benchmark [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2578","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2578"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2578\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}