Block price target raised to $75 from $65 at Macquarie

Macquarie analyst Paul Golding raised the firm’s price target on Block (XYZ) to $75 from $65 and keeps a Neutral rating on the shares. Results were ahead of expectations, with Q1 revenue in-line but EPS beating estimates amid a higher gross margin percentage, with acceleration across Cash App and Square, the analyst tells investors in a research note. The firm added that sustained new product investment and go-to-market efforts are driving momentum for the raised 2026 guidance, but noted that it remains Neutral as the AI-led pivot is still nascent.