Analyst Timothy Chiodo of UBS maintained a Buy rating on Block, retaining the price target of $90.00.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Timothy Chiodo has given his Buy rating due to a combination of factors that, in his view, enhance Block’s medium‑term profit outlook. He highlights that recent pricing actions across Square and Cash App, including new cross‑border card fees and higher Instant Transfer charges, should collectively provide a meaningful tailwind to gross profit growth into FY 2026.
He estimates these initiatives could add roughly 150–250 basis points to Block’s 2026 gross profit growth versus prior expectations, even after allowing for some potential customer churn or mix shifts. In his assessment, these measures support the company’s existing ~17% gross profit growth framework and create room for upward estimate revisions over time, reinforcing a favorable risk‑reward profile for the stock.
Chiodo covers the Technology sector, focusing on stocks such as Block, Klarna Group Plc, and Toast Inc. According to TipRanks, Chiodo has an average return of 2.2% and a 42.98% success rate on recommended stocks.
In another report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $91.00 price target.