Block price target raised to $88 from $71 at Mizuho

Mizuho raised the firm’s price target on Block (XYZ) to $88 from $71 and keeps an Outperform rating on the shares. The market is overlooking a key positive development in the company’s Q2 report – Square’s improved volumes, the analyst tells investors in a research note. The firm is particularly impressed by the positive inflection in Square’s $500,000-plus volume cohort. Mizuho calls Square the “comeback kid of 2025.”