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Benzinga
Benzinga
Business
Shanthi Rexaline

Why Block Analyst Thinks Company's Acquisition Of Afterpay Could Have Transformative Potential

Block Afterpay Josh Beck Keybanc

Block Inc (NYSE:SQ) completed the acquisition of "buy now pay later" specialist Afterpay in January. An analyst at KeyBanc Capital Markets sees the acquisition as imparting transformative potential.

The Block Analyst: Josh Beck maintained an Overweight rating on Block shares and increased the price target from $175 to $180. The analyst said he continues to recommend Block as a key idea.

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