Block, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Timothy Chiodo from UBS maintained a Buy rating on the stock and has a $90.00 price target.
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Timothy Chiodo has given his Buy rating due to a combination of factors that, in his view, position Block as one of the strongest opportunities in his coverage universe. After extensive meetings with management and investors, he gained greater conviction that both the Square and Cash App businesses are poised to accelerate gross profit growth in FY 2026, driven by stronger field sales at Square, solid new-vendor acquisition trends, and meaningful expansion in Cash App products such as Borrow and buy-now-pay-later offerings.
He also emphasizes Block’s competitive advantages, including differentiated AI tools like Managerbot for merchants, the growing Neighborhoods initiative that links Square sellers with Cash App users, and Cash App’s large user base and proprietary underwriting capabilities. Chiodo further notes the benefits of Block’s founder-led structure and nimble management team, arguing that these factors enhance its ability to execute on AI and ecosystem integration, which he believes competitors will find difficult to match.
In another report released today, TipRanks – PerPlexity also upgraded the stock to a Buy with a $62.00 price target.
Based on the recent corporate insider activity of 119 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of XYZ in relation to earlier this year.