RBC Capital raised the firm’s price target on Block (XYZ) to $97 from $63 and keeps an Outperform rating on the shares. The company reported strong results with net revenue and adjusted EBITDA topping consensus estimates, the analyst tells investors in a research note. Cash App’s new products are continuing to accelerate in the second half of 2025 across Borrow, BNPL on Cash App Card, and Proto mining chip deliveries taking place, RBC added.
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