Alongside the downgrade, Dolev slashed his price target to $57 from $125 (the stock closed at $59.45 last night). Earlier this month, Block was on the receiving end of a double downgrade at Evercore ISI, which cut to underperform from outperform. In July, Macquarie also downgraded the stock.
Bitcoin Has Best Day in 2 Months as Markets Anticipate a ‘Summer of Easing'
The net percent of global central banks cutting rates is increasing in a positive sign for risk assets, including cryptocurrencies....