Block (XYZ) stock has gained 7.1% over the past week, 7.3% over the past month, and 17.5% over the last year, making it a notable mover for growth-focused investors. Wall Street’s analysts are firmly bullish, with a StrongBuy consensus and a 12‑month average price target of $84.46, implying meaningful upside from the last closing price of $64.22.
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One of the latest voices backing the stock is analyst James Friedman of Susquehanna Financial Group, who reiterated his Buy rating on April 13, 2026 and set a $90 price target, also signaling solid potential upside. His call aligns with the broader Street view that Block can continue to outperform as it refines its business model and pushes deeper into higher-value merchant segments.
Friedman’s latest work focuses on Block’s Square (Seller) segment, where he is adjusting his models after reviewing the company’s public guidance. He now expects a wider near-term gap between Square’s gross payment volume growth and its gross profit growth, reflecting higher hardware investment, elevated processing expenses, and an increasing mix of larger sellers as Block moves upmarket.
However, he also sees a path to improvement as 2026 progresses. According to Friedman, rising software attach rates should help accelerate gross profit growth later in the year, gradually closing the spread versus payment volume growth and bringing it close to flat by year-end, a trajectory that underpins his confidence in the $90 target and his Positive stance.
On TipRanks, James Friedman is ranked 9,045 out of 12,125 analysts, with a success rate of about 48.9% and an average return of -0.4% per rating, metrics that investors may weigh alongside his upbeat view on Block. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.