BMO Capital Starts Block Inc. (XYZ) at Market Perform, PT set to $74
BMO Capital analyst Andrew Bauch initiates coverage on Block Inc. (NYSE: XYZ) with a Market Perform rating and a price target of $74.00.
The analyst commented, "Block enters 2026 with a materially improved operating model (Cash App re-accelerating, GTM improving, and structurally lower cost basis). Growth quality across Square and Cash App has strengthened, driven by deeper engagement, tighter integration, and ROI‑centric capital allocation. These changes support a more durable earnings profile and we see reasonable potential for upside to GP and earnings estimates should management deliver on its 2026 strategy, although a recent rebound in shares implies more balanced risk-reward. Initiate at Market Perform with $74 target price."
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Shares of Block Inc. closed at $73.89 yesterday.