These Analysts Increase Their Forecasts On Block After Strong Q2 Results

Benzinga Earnings08-06

Block Inc. (NYSE:XYZ) on Wednesday posted better-than-expected second-quarter results.

Block reported quarterly earnings of $1.02 per share, which beat the consensus estimate of 87 cents by 17.24%. Quarterly revenue came in at $6.62 billion, which beat the analyst consensus estimate of $6.49 billion.

"AI will make software creation abundant. Judgment, trust, depth of understanding, and capability will become scarce. Our advantage is that we understand which things matter for the customers we serve, we own the hard capabilities behind them, and we’ve connected them into a network that compounds with every seller and every customer who joins," said CEO Jack Dorsey.

Block raised its FY2026 adjusted EPS guidance from $3.85 to $4.02.

Block shares fell 0.6% to $83.68 in pre-market trading.

These analysts made changes to their price targets on Block following earnings announcement.

BTIG analyst Andrew Harte maintained Block with a Buy and raised the price target from $90 to $100.
Needham analyst Mayank Tandon maintained the stock with a Buy and raised the price target from $95 to $100.

Considering buying XYZ stock? Here’s what analysts think:

Photo via Shutterstock

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