Block (NYSE:SQ) shares advanced 5.3% in Friday midday trading after Raymond James analyst John Davis raised his rating recommendation on the stock to Outperform from Market Perform on the basis of a potential acceleration in Seller gross payment volume growth.

Shares of Raymond James Financial Inc. RJF rose 1.75% to $157.72 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.26% to 5,942.47 and the Dow Jones Industrial Average DJIA rising 0.80% to 42,732.13.

Block (NYSE:SQ) stock is advancing 5% after investment bank Raymond James upgraded its rating on the shares to Outperform from Market Perform in a note to investors earlier today. Block is a leading player in the fintech space.

Fintel reports that on January 3, 2025, Raymond James upgraded their outlook for Block (NYSE:SQ) from Market Perform to Outperform. Analyst Price Forecast Suggests 15.84% Upside As of December 23, 2024,