Goldman Sachs lowered the firm’s price target on H&R Block to $32 from $48 and keeps a Sell rating on the shares. H&R Block’s Q2 represents one of its seasonally-lightest quarters, and the upcoming 2026 tax season entails risks of limited growth and market share loss, the analyst tells investors in a research note. Goldman also sees competitive risks from TurboTax’s push into assisted tax prep and AI-native entrants in the tax and accounting space.
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