Block (XYZ) stock has climbed 40.0% over the past year, including an 11.6% gain in the last month, even after slipping 2.3% over the past week. Wall Street’s analysts are strongly bullish, forecasting upside from the current $70.14 price toward an average 12‑month target of $85.71.
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Analyst Andrew Harte of BTIG reiterated his Buy rating on 5/8/2026 and set a $90.00 price target, implying meaningful upside from current levels. Harte highlights that XYZ’s first‑quarter 2026 results once again beat expectations, driven by a 27.1% jump in total gross profit and standout performance from Cash App.
Harte points to Cash App’s 38% growth, Square’s steady gross profit gains, and a sizable beat in adjusted operating income, helped by AI initiatives rather than cost cuts alone. He notes the company is growing in the mid‑teens while expanding margins, calling the stock attractive at about 9x FY26 EV/EBITDA and 18x adjusted P/E and maintaining XYZ as a top pick.
Analyst Bryan Bergin also reiterated a Buy on XYZ on 5/8/2026, lifting his price target from $95.00 to $101.00, signaling even stronger optimism. Bergin describes the quarter as a “clean beat‑and‑raise,” with improved visibility for the rest of the year and reinforced confidence in Block’s multi‑engine growth model.
Bergin emphasizes that XYZ’s February reorganization and AI tools are boosting productivity, with faster product delivery and early traction from AI features like MoneyBot and ManagerBot. Both analysts see AI lowering the cost of growth, supporting margin expansion, and strengthening Cash App and Square, underscoring why XYZ remains a favored name among top Wall Street watchers. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.