Robert W. Baird analyst David Koning has maintained their bullish stance on XYZ stock, giving a Buy rating on February 28.
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David Koning has given his Buy rating due to a combination of factors including stronger‑than‑expected Q4 performance and meaningfully higher 2026 guidance. Gross profit and EBITDA both exceeded Street estimates, Cash App gross profit grew more than 30% with especially rapid expansion in Borrow originations, and management raised near‑term outlook for both gross profit and EPS.
He also highlights the large workforce reduction, which should generate substantial cost savings and materially lift margins and EPS over the next few years. With EPS estimates for 2026 and 2027 moving up sharply, Koning views Block as offering robust 35%+ earnings growth through 2028, supported by high‑growth financial solutions products, while still trading at a reasonable valuation and maintaining a strong net cash position.
In another report released on February 28, TipRanks – PerPlexity also upgraded the stock to a Buy with a $71.00 price target.
Based on the recent corporate insider activity of 118 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.