Execution RisksExecution will need to be pitch-perfect as investors are particularly sensitive to credit mishaps.
Investor ConfidenceGiven choppy recent execution, investors will want to see consistent progress towards targets before ‘believing’ the 2028 numbers.
Long-term Strategy ConcernsManagement’s new messaging about Block also leaned heavily on long-dated targets, adjusted metrics, and a normalization narrative that will require several consecutive quarters of clean execution, which is something the company has not delivered consistently.