Timothy Chiodo, an analyst from UBS, maintained the Buy rating on Block. The associated price target remains the same with $90.00.
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Timothy Chiodo has given his Buy rating due to a combination of factors that highlight Block’s potential for growth and strategic advancements. The company has reiterated its guidance for significant growth in gross profit and adjusted operating income for Q4 2025, despite some expected deceleration in GPV due to seasonal factors. This confidence is supported by Block’s strategic initiatives within its Square ecosystem, including investments in telesales and field sales, which are yielding strong returns and have room for expansion both domestically and internationally.
Moreover, the Cash App ecosystem is poised for robust growth, with a high-teens gross profit CAGR over the next three years driven by active user growth and increased monetization through innovative products like bitcoin and pre-purchase BNPL. The company’s focus on enhancing consumer spending flexibility and leveraging internal data for underwriting further strengthens its position. These strategic efforts and growth projections underpin Chiodo’s optimistic outlook and Buy rating for Block’s stock.
In another report released on November 26, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $73.00 price target.