TD Cowen analyst Bryan Bergin has reiterated their bullish stance on XYZ stock, giving a Buy rating today.
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Bryan Bergin has given his Buy rating due to a combination of factors, including Block’s clear beat on gross profit, operating margin, and EPS, along with a guidance raise that points to stronger performance in the second half of the year. He highlights that both Cash App and Square are accelerating, and that management’s updated outlook and improved visibility support confidence in sustaining mid‑teens gross profit growth, which underpins his upward revision of the price target to $101.
He also underscores that Block’s February reorganization and AI‑driven initiatives are already yielding meaningful operating leverage, with productivity and profitability improving faster than gross profit. Early traction from AI tools such as ManagerBot and MoneyBot, along with higher‑quality growth in Cash App and solid new volume trends in Square, suggest durable, broad‑based momentum, leading Bergin to reaffirm Block as a top‑pick Buy idea.