Jack Dorsey’s Block Draws Analyst Downgrade on Bitcoin Sentiment

Ken Moelis' Investment Bank Creates Group to Focus on Blockchain Deals: Report

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.

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