TD Cowen raised the firm’s price target on Block (XYZ) to $95 from $85 and keeps a Buy rating on the shares. The firm said they posted a solid Q2 beat with reacceleration of Cash App GP to 16% (led by Borrow, BNPL, Cash Card) and Square GPV rising to 10% (11% GP) with improvement in the US and International on distribution and product investments.
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