Block, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Bryan Bergin from TD Cowen maintained a Buy rating on the stock and has a $91.00 price target.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Bryan Bergin’s rating is based on Block’s strong performance and strategic initiatives showcased during their Investor Day. The company presented a solid 2026 guidance and a favorable three-year outlook, which exceeds market expectations. This is underpinned by sustained mid-teens gross profit growth and rising operating income margins, leading to an attractive 30% growth in both EPS and cash flow.
Furthermore, Block’s AI-forward approach and its unique asset ecosystem are driving development velocity. The company’s reorganization efforts have enhanced its focus and execution, particularly in its Cash App and Square ecosystems. Block’s financial profile, including its EPS and FCF targets, suggests significant undervaluation, making it appealing to long-term investors. The company’s commitment to increased transparency and regular disclosure is also expected to address investor concerns, particularly regarding its lending products, which are showing strong profitability.
In another report released yesterday, BTIG also maintained a Buy rating on the stock with a $90.00 price target.
Based on the recent corporate insider activity of 117 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.