Block price target raised to $92 from $71 at Oppenheimer

Oppenheimer raised the firm’s price target on Block (XYZ) to $92 from $71 and keeps an Outperform rating on the shares. The firm notes Block’s Q2 results exceeded expectations, with gross profit, adjusted operating income, and adjusted EBITDA all coming in well above the Street. Q3 guidance was also ahead, and the 2025 outlook was raised more than the Q2 beat, reflecting broad-based strength, Oppenheimer adds.