Is Wall Street Bullish or Bearish on Block Stock?

With a market cap of $51.4 billion, Block, Inc. (XYZ) is a financial technology company that provides digital payment solutions, commerce software, and financial services to businesses and consumers. The Oakland, California-based company operates primarily through two business segments: Square, which provides small and medium-sized businesses with payment processing, point-of-sale hardware, business management software, payroll, and lending solutions; and Cash App, a consumer-focused financial platform that enables users to send and receive money, make payments, invest in stocks and Bitcoin, and access banking and buy-now-pay-later services through Afterpay.

Shares of the company have surpassed the broader market over the past 52 weeks. XYZ stock has risen 35.3% over this time frame, while the broader S&P 500 Index ($SPX) has returned 12.2%. However, shares of the company are up 36.1% on a YTD basis, outpacing SPX’s 10.3% gain. 

Focusing more closely, shares of Block have outperformed the State Street Financial Select Sector SPDR ETF’s (XLF) 9.9% increase over the past 52 weeks and 5.9% rise in 2026.

On Nov. 3, Block reported a robust third-quarter performance for fiscal 2026, fueled by accelerating momentum across its Square and Cash App ecosystems. Revenue climbed 9.9% year over year to $6.71 billion, while adjusted operating income nearly doubled to $922.70 million, reflecting significant operating leverage. Adjusted EPS surged 109.3% to $1.13, as higher payment volumes, growing adoption of financial products, and stronger consumer lending activity powered earnings growth.

For the fiscal year ending in December 2026, analysts expect Block’s EPS to grow 17% year-over-year to $2.75. The company’s earnings surprise history is promising. It beat the consensus estimates in each of the last four quarters. 

Among the 44 analysts covering the stock, the consensus rating is a “Strong Buy.” That’s based on 32 “Strong Buy” ratings, four “Moderate Buys,” and eight “Holds.” 

This configuration is slightly less bullish than two months ago, with 31 “Strong Buy” ratings on the stock.

On Nov. 4, TD Cowen raised its price target on Block to $109 from $105 while maintaining a “Buy” rating, citing the company's stronger-than-expected Q3 performance. 

The mean price target of $99.68 represents a 12.6% premium to XYZ’s current price levels. The Street-high price target of $125 suggests a 41.1% potential upside. 

On the date of publication, Kritika Sarmah did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.