Block ( (XYZ) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Block is attracting renewed attention on Wall Street as several major banks turn more bullish on the stock. Morgan Stanley’s James Faucette reiterated a Buy rating and set a $93 price target, versus Block’s recent close at $62.90, implying substantial upside if the company executes on its growth strategy and profit goals.
Analysts tracked by TipRanks now rate Block a Strong Buy, with a consensus 12‑month target around the mid‑$80s, signaling confidence in further gains after a 26.4% jump over the past week. HSBC’s Saul Martinez also upgraded Block to Buy with a $77 target, arguing that aggressive headcount cuts, improving margins, and solid gross profit growth could make 2027 earnings exceed current market expectations.
Martinez views Block’s decision to slash nearly half its workforce as a proactive move to boost efficiency rather than a sign of weakness, saying the business remains fundamentally healthy. He expects most of the earnings benefit from these cost reductions to appear in the second half of 2026, suggesting that investors focused on long‑term profitability may find Block’s risk‑reward profile increasingly attractive at today’s prices.