Block (XYZ) stock has risen 25.5% over the past week, gained 2.4% in the last month, yet is still down 2.5% over the past year, highlighting recent momentum after a tougher stretch. Wall Street’s analysts are strongly bullish, forecasting a move toward a 12‑month price target of $86.74 from a last close of $63.70.
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Analyst James Faucette (Morgan Stanley) upgraded XYZ to Buy on February 27, 2026, with a price target of $93.00, implying meaningful upside from current levels. He sees an achievable path to about 17% growth in 2026, driven by Square’s salesforce expansion and roughly 20% growth in Cash App from Borrow and Cash Card.
Faucette highlights investors’ growing optimism after a Bull vs. Bear debate, where many view recent weakness as temporary and are encouraged by cost discipline and AI‑driven efficiency efforts. His checks point to continued share gains and new merchants for Square, even as bears worry about management credibility, macro headwinds, and competition.
Analyst Mihir Bhatia (BofA) reiterated a Buy on XYZ on February 27, 2026, with a price target of $86.00 after what he calls a blowout fourth quarter and a bold 40% workforce reduction tied to AI. He notes that Block aims to grow gross profit 18% while cutting headcount sharply, with margins rising as Cash App’s 33% gross profit growth and lending scale up.
Bhatia argues that a smaller, AI‑powered team could support faster growth, backed by a stronger 2026 outlook for $12.2 billion in gross profit and $3.2 billion in adjusted operating income, both ahead of prior expectations. This N‑star analyst ranks #2031 out of 12078, with a 56.49% success rate and 6.30% average return per rating; never miss a stock rating, and find all the latest ratings on TipRanks’ Top Wall Street Analysts page.