Wall Street Reups Bullish Calls on Block After Pullback, Citing Buyback and Multi-Year Targets

Recent notes cast the stock as oversold despite credit worries tied to Cash App Borrowing.

Overview

Truist Securities upgraded Block (NYSE: XYZ) to Buy on Nov. 17 with a $68 target, saying Square’s momentum offsets lending risk and raising its 2026 adjusted EPS forecast to $3.28.
TD Cowen maintained a Buy with a $91 target, describing the shares as oversold after the Q3 reaction and expecting 2026 guidance and new medium-term projections from management.
William Blair’s Andrew Jeffrey reiterated a Buy, highlighting strong Q3 execution, Q4 guidance that points to acceleration, and a strategic focus on consumer liquidity.
Q3 2025 results showed total revenue up 2.3% to $6.11 billion, Bitcoin revenue down 19% to $1.97 billion, adjusted EPS of $0.54, and stable adjusted EBITDA margins.
Jim Cramer called Block “a real profitable business,” noting the newly announced $5 billion buyback, three-year growth targets, and a 7.5% jump that led the S&P 500 in a recent session.