Block (SQ) Competitors and Alternatives 2024 (2024)

SQ vs. PLTR, GEN, PATH, SPOT, PAYX, WCN, FIS, CPRT, NU, and RSG

Should you be buying Block stock or one of its competitors? The main competitors of Block include Palantir Technologies (PLTR), Gen Digital (GEN), UiPath (PATH), Spotify Technology (SPOT), Paychex (PAYX), Waste Connections (WCN), Fidelity National Information Services (FIS), Copart (CPRT), NU (NU), and Republic Services (RSG). These companies are all part of the "business services" sector.

Block vs.

Palantir Technologies (NYSE:PLTR) and Block (NYSE:SQ) are both large-cap business services companies, but which is the superior business? We will contrast the two businesses based on the strength of their media sentiment, risk, institutional ownership, valuation, profitability, earnings, analyst recommendations, dividends and community ranking.

Palantir Technologies has higher earnings, but lower revenue than Block.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Palantir Technologies$2.23B22.83$209.82M$0.09255.14
Block$21.92B2.17$9.77MN/AN/A

Block received 1334 more outperform votes than Palantir Technologies when rated by MarketBeat users. Likewise, 69.39% of users gave Block an outperform vote while only 46.54% of users gave Palantir Technologies an outperform vote.

CompanyUnderperformOutperform
Palantir TechnologiesOutperform Votes

74

46.54%

Underperform Votes

85

53.46%

BlockOutperform Votes

1408

69.39%

Underperform Votes

621

30.61%

Palantir Technologies has a net margin of 9.43% compared to Palantir Technologies' net margin of 0.04%. Block's return on equity of 6.17% beat Palantir Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
Palantir Technologies9.43% 6.17% 4.78%
Block 0.04%0.63%0.35%

45.7% of Palantir Technologies shares are held by institutional investors. Comparatively, 70.4% of Block shares are held by institutional investors. 14.0% of Palantir Technologies shares are held by insiders. Comparatively, 10.8% of Block shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Palantir Technologies presently has a consensus target price of $18.35, indicating a potential downside of 20.10%. Block has a consensus target price of $83.72, indicating a potential upside of 8.49%. Given Palantir Technologies' stronger consensus rating and higher probable upside, analysts plainly believe Block is more favorable than Palantir Technologies.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Palantir Technologies

4 Sell rating(s)

5 Hold rating(s)

3 Buy rating(s)

0 Strong Buy rating(s)

1.92
Block

1 Sell rating(s)

5 Hold rating(s)

26 Buy rating(s)

0 Strong Buy rating(s)

2.78

In the previous week, Palantir Technologies had 11 more articles in the media than Block. MarketBeat recorded 40 mentions for Palantir Technologies and 29 mentions for Block. Block's average media sentiment score of 0.59 beat Palantir Technologies' score of 0.11 indicating that Palantir Technologies is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Palantir Technologies

19 Very Positive mention(s)

11 Positive mention(s)

5 Neutral mention(s)

4 Negative mention(s)

0 Very Negative mention(s)

Positive
Block

10 Very Positive mention(s)

3 Positive mention(s)

2 Neutral mention(s)

8 Negative mention(s)

0 Very Negative mention(s)

Neutral

Palantir Technologies has a beta of 2.78, suggesting that its share price is 178% more volatile than the S&P 500. Comparatively, Block has a beta of 2.55, suggesting that its share price is 155% more volatile than the S&P 500.

Summary

Palantir Technologies beats Block on 9 of the 17 factors compared between the two stocks.

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Block (SQ) Competitors and Alternatives 2024 (3)

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding SQ and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.

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Media Sentiment Over Time

This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.

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SQ vs. The Competition

Export to Excel

MetricBlockPrepackaged software IndustryBusiness SectorNYSE Exchange
Market Cap$47.51B$22.21B$6.41B$17.61B
Dividend YieldN/A2.05%3.03%3.49%
P/E Ratio453.9491.8728.1622.42
Price / Sales2.179.0287.279.76
Price / CashN/A68.6124.0617.83
Price / Book2.5410.454.864.92
Net Income$9.77M$367.71M$117.00M$967.18M
7 Day Performance-5.27%-1.94%11.47%0.90%
1 Month Performance-4.42%12.35%14.87%4.54%
1 Year Performance13.32%17.01%41.03%18.61%

Block Competitors List

Export to Excel

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
PLTRPalantir Technologies2.8825 of 5 stars$22.73
-0.6%
$18.35
-19.3%
+183.8%$50.58B$2.23B252.583,735Gap Down
GENGen Digital4.5012 of 5 stars$22.06
-1.1%
N/A+28.3%$14.05B$3.34B10.213,700
PATHUiPath3.9775 of 5 stars$21.57
-2.8%
$27.44
+27.2%
+28.2%$12.21B$1.31B-126.853,833Gap Down
SPOTSpotify Technology4.1157 of 5 stars$269.73
+1.2%
$235.36
-12.7%
+134.2%$53.50B$14.34B-91.129,123Analyst Report
PAYXPaychex4.6421 of 5 stars$122.08
+0.4%
$122.77
+0.6%
+12.2%$43.93B$5.01B27.1316,600Earnings Report
Analyst Revision
High Trading Volume
WCNWaste Connections4.7494 of 5 stars$169.43
-0.6%
$176.81
+4.4%
+21.9%$43.71B$8.02B57.2422,539
FISFidelity National Information Services4.6421 of 5 stars$73.70
+1.3%
$70.73
-4.0%
+30.7%$42.49B$9.82B-6.5660,000
CPRTCopart3.1787 of 5 stars$57.25
-1.4%
$50.00
-12.7%
+52.1%$55.05B$3.87B41.1910,200
NUNU2.8353 of 5 stars$11.86
+0.3%
$9.67
-18.5%
+167.4%$55.66B$8.03B56.468,000
RSGRepublic Services4.9041 of 5 stars$189.00
-0.4%
$197.17
+4.3%
+38.8%$59.46B$14.96B34.5541,000Positive News

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Block (SQ) Competitors and Alternatives 2024 (2024)

FAQs

What is the Block stock price forecast for 2024? ›

Block Stock Price Forecast 2024-2025

Block price started in 2024 at $77.35. Today, Block traded at $64.03, so the price decreased by -17% from the beginning of the year. The forecasted Block price at the end of 2024 is $71.42 - and the year to year change -8%. The rise from today to year-end: +12%.

Who are the competitors of SQ stock? ›

Should you be buying Block stock or one of its competitors? The main competitors of Block include ServiceNow (NOW), CrowdStrike (CRWD), Synopsys (SNPS), Shopify (SHOP), Cadence Design Systems (CDNS), NetEase (NTES), Palantir Technologies (PLTR), Autodesk (ADSK), Snowflake (SNOW), and Atlassian (TEAM).

Will SQ stock recover? ›

SQ Stock 12 Month Forecast

Based on 32 Wall Street analysts offering 12 month price targets for Block in the last 3 months. The average price target is $90.13 with a high forecast of $106.00 and a low forecast of $17.50. The average price target represents a 39.95% change from the last price of $64.40.

What is the prediction for SQ stock? ›

Stock Price Forecast

The 34 analysts with 12-month price forecasts for Block stock have an average target of 87.44, with a low estimate of 46 and a high estimate of 106. The average target predicts an increase of 35.78% from the current stock price of 64.40.

What is the price target for Block? ›

Stock Price Targets
High$106.00
Median$93.05
Low$40.00
Average$90.33
Current Price$62.74

What is the square stock prediction for 2025? ›

Square Stock Prediction 2025

The Square stock prediction for 2025 is currently $ 89.24, assuming that Square shares will continue growing at the average yearly rate as they did in the last 10 years.

Who owns the most sq stock? ›

According to the latest TipRanks data, approximately 37.65% of Block (SQ) stock is held by retail investors. Who owns the most shares of Block (SQ)? Vanguard owns the most shares of Block (SQ).

Is SQ a good company? ›

The financial health and growth prospects of SQ, demonstrate its potential to perform inline with the market. It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of A.

Does SQ stock pay a dividend? ›

Historical dividend payout and yield for Block (SQ) since 1971. The current TTM dividend payout for Block (SQ) as of June 21, 2024 is $0.00. The current dividend yield for Block as of June 21, 2024 is 0.00%.

Does Block stock have a future? ›

Future Growth

Block is forecast to grow earnings and revenue by 36.1% and 9.7% per annum respectively. EPS is expected to grow by 34.6% per annum. Return on equity is forecast to be 11.8% in 3 years.

Will Block stock ever recover? ›

Block stock has already recovered significantly after a brutal drop in 2022. If the feared recession is more severe than expected, it may impact Block's lesser affluent user base, negatively impacting the company. On the other hand, if the economy improves in 2023, the stock could attain higher highs.

Why did SQ stock crash? ›

Federal prosecutors are probing financial transactions at Square parent Block (SQ) including Cash App and bitcoin, according to a report.

Will Square be profitable? ›

Also, Square said net revenue came in at $5.96 billion, up 19% from a year earlier, including Cash App transactions for bitcoin. Square stock analysts had predicted revenue of $5.83 billion. Financial analysts also view gross profit as a key metric for SQ stock. In Q1, gross profit rose 22% to $2.09 billion vs.

Did SQ have a stock split? ›

We currently have no SQ Stock Split History on this stock.

What is the target price for SQ2? ›

SQ2 Stock 12 Month Forecast

Shs Chess Depository Interests Repr 1 Sh in the last 3 months. The average price target is AU$128.00 with a high forecast of AU$128.00 and a low forecast of AU$128.00. The average price target represents a 35.29% change from the last price of AU$94.61.

What is the stock price forecast for Skillz in 2024? ›

According to our current SKLZ stock forecast, the value of Skillz - Class A shares will rise by 0.55% and reach $ 6.82 per share by June 24, 2024. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 39 (Fear).

What is the target stock price forecast for 2024? ›

Target Stock Price Forecast 2024-2025

The forecasted Target price at the end of 2024 is $214 - and the year to year change +50%. The rise from today to year-end: +27%. In the middle of 2024, we expect to see $196.

What is the se stock forecast for 2025? ›

Sea Limited stock prediction for 1 year from now: $ 99.02 (33.47%) Sea Limited stock forecast for 2025: $ 123.65 (66.67%) Sea Limited stock prediction for 2030: $ 1,590.10 (2,043.28%)

What is the meta stock price forecast for 2024? ›

Analytical Meta stock predictions in 2024 range between $540 and $642 by the end of the year. As of now, the stock is valued at around $495. Analysts are generally optimistic about Meta's growth prospects, driven by advancements in AI technology, the metaverse, and strong advertising revenue.

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