What happened A onetime investor darling in the finance sector, next-generation payments company Block (NYSE: SQ) isn't such a hot item these days. Analysts are cooling on it, too, as evidenced by a fresh price-target cut Wednesday from one pundit following the stock. After that, Block closed nearly 3% lower on a generally up day for equities. So what Piper Sandler's Christopher Donat is the analyst in question. This morning, Donat revised his price target downward, to $84 per share from the previous $105. He's maintaining his neutral recommendation on Block stock. It wasn't immediately apparent why Donat did so, but this isn't the first such move in recent days. Last Thursday, Donat's peer at Truist Securities, Andrew Jeffrey, also used a pair of scissors on his Block price target. Jeffrey reduced his to $105 from $145. Like Donat, the Truist prognosticator is maintaining his recommendation. But unlike that of his fellow analyst, Jeffrey's recommendation is buy. He believes that payment processors face short- to mid-term challenges in maintaining their profit margins, among other obstacles. Still, he thinks the segment as a whole still has potential, and Block remains his No. 1 fintech stock pick. Now what Regardless of Jeffrey's still-sunny outlook, the twin price-target chops won't help lift sentiment on Block stock. Many investors are shunning fintechs these days, given the economic slowdown that numerous pundits are predicting. The trend to ditch youthful highfliers (like Block once was) in favor of safety stocks is in force, and fintechs like Block are generally considered to be relatively risky assets. 10 stocks we like better than Block, Inc.When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Block, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2022 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Block, Inc. The Motley Fool has a disclosure policy.Source