Overview
- UBS reiterated a Buy rating with a $90 price target on Dec. 4, citing clearer medium‑term guardrails and a durable growth trajectory across Square and Cash App.
- TD Cowen on Dec. 8 kept a Buy rating, set a $91 target, and named Block its Best Idea for 2026, pointing to mid‑teen gross profit growth, improving margins, and operating leverage.
- TD Cowen also flagged management’s targets for roughly 30% three‑year EPS and cash‑flow CAGR as achievable within the current strategy.
- RBC Capital maintained an Outperform rating with a $90 target, noting Proto mining as a sign of broader diversification.
- At investor day, Block said 26 revenue streams now each generate more than $100 million in gross profit, up from five in 2020, and MarketBeat shows a mid‑December Moderate Buy consensus with an average target in the low‑to‑mid $80s.