巴克莱银行表示，布洛克“有可能”入选标准普尔500指数

Barclays sees Block (NYSE:SQ) as a ‘likely’ candidate for S&P 500 inclusion based on the payment firm’s fourth quarter performance.

Block (SQ) reported improvement across all profitability measures in the fourth quarter of 2023, generating net income (attributable to common stockholders) of $102M, with adjusted EBITDA of $562M, up 2x year over year.

Barclays analyst Ramsey El-Assal sees Block’s (SQ) potential future inclusion in the S&P 500 as “increasingly likely – and a potential catalyst”, citing the firm’s positive GAAP net income in Q4 as an eligibility factor. El-Assal rates Block (SQ) as Overweight. Seeking Alpha's Quant system rates the stock as Hold.

While cautioning that the inclusion is “not guaranteed”, El-Assal explained that selection into the index is "somewhat discretionary and sector balance of the index vs. the broader market of companies in the same market cap range is a stated criterion."

Financial Services is estimated to be the second-most underweight industry category within the index, El-Assal wrote, further noting that “this underrepresentation makes SQ, with its $45B market cap, a likely candidate for inclusion.

Block (SQ) shares rose last Thursday after the payment and fintech app company raised its full-year 2024 guidance, and turned in Q1 earnings and revenue that topped Wall Street expectations.

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