XYZ Stock Has Climbed 18% in 2026 — Jack Dorsey's Block Eyes 6th Straight Earnings Beat Ahead of Q3 Results

Block Inc. (NYSE:XYZ) will report financials for the third quarter after today’s market close, as the fintech company aims to extend its earnings-beat streak to five straight quarters.

Will Block Deliver a Double Beat?

Analysts expect Block to report non-GAAP earnings of 96 cents per share, up 78% year-over-year, but down nearly 6% from the previous quarter. 

It’s worth pointing out that Block beat earnings estimates in each of the previous five quarters.

The firm, founded and led by tech entrepreneur Jack Dorsey, is expected to report quarterly revenue of $6.60 billion, up 8% from the same quarter last year.

Analyst Downgrades XYZ to Hold Rating

XYZ stock reached a yearly high of $86.92 in late August, but has since pulled back by a little over 11%. Year-to-date, the stock has gained 18.42%.

The XYZ stock has a consensus "Buy" rating with an average price target of $93, implying a 20% upside from current levels.

Notably, Morgan Stanley analyst James Faucette downgraded the stock to an ‘Equal Weight’ rating last week and slashed the target price from $90 to $80. BTIG, however, reiterated its ‘Buy’ rating while keeping its price target at $100.

Meanwhile, the Moving Average Convergence Divergence indicator, which compares two exponential moving averages of an asset’s price, flashed a “Buy” signal for XYZ, according to TradingView.

Block’s High-Stakes Bitcoin Play

Beyond its broader cryptocurrency strategy, Block has made a major bet on Bitcoin’s utility as a medium of exchange, adding BTC payment support to its Square point-of-sale system.

In September, the company’s announced a BTC bonus feature on its Cash App platform that lets users opt in to earn weekly rewards by simply holding Bitcoin in the app.

As of this writing, Block holds 9,117 BTC on its balance sheet, worth $697 million, according to BitcoinTreasuries.net, making it the 14th-largest corporate Bitcoin holder.

Price Action: Block shares fell 0.74% in overnight trading, according to Benzinga Pro. The stock 1.13% higher at $77.08 during Monday’s regular trading session.

XYZ shows stronger long-term price momentum, though it has underperformed over the short and medium term, according to Benzinga’s Edge Stock Rankings.

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