Analysts at William Blair doubled their Outperform rating on Jack Dorsey’s Block (ticker
Block shares closed just below $62 on Thursday, according to The Block’s pricing page — slightly below Wednesday’s post-investor day pop of $65.50 — after the company outlined three-year targets that called for gross profit growth in the mid-teens and an annual gain of about 30% in operating income.
Block (XYZ) stock price chart. Source: The Block/TradingView
In a new research note, analysts Andrew W. Jeffrey and Adib Choudhury reiterated their target of $90 for XYZ by the end of 2026, highlighting stronger performance in both of Block’s core ecosystems.
They said Cash App continues to deepen its role as the primary financial center for many users, pointing to the expansion of Borrow, BNPL and features such as Moneybot. The analysts also expect Cash App’s lending products to generate consistent returns, supported by short-term lending and data-driven underwriting.
They also pointed out that Square, Block’s payments arm, was showing early signs of renewed momentum. Faster product launches, better traction in the food and beverage sector and a more focused sales push indicate the business is starting to accelerate again.
William Blair said new profit added in the US is now growing faster than new payments volume, an indication that Square is moving in the market and could benefit from competitive declines heading into 2026.
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