Block Inc. (XYZ) PT Lowered to $90 at Citi

Citi analyst Andrew Schmidt lowered the price target on Block Inc. (NYSE: XYZ) to $90.00 (from $108.00) while maintaining a Buy rating.

The analyst comments "We update our XYZ model to incorporate 10-K data, 4Q24 results, and adjustments to our forward assumptions, including marginally higher top-line growth balanced with slightly lower margins. Product development and sales/marketing investment should support a more favorable revenue growth profile (ex Bitcoin) into 2026, with a greater margin scale. While this remains a “show me” story in terms of Seller stabilization/improving growth and greater Cash App monetization, the pull-back should provide an attractive entry point, in our view – Buy XYZ. Target price of $90 (from $108) primarily reflects sector multiples, macro variability, and the need to show continued progress towards objectives."

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