Block upgraded to Outperform from Neutral at BNP Paribas Exane
TipRanks
May. 27, 2025, 04:05 AM
BNP Paribas Exane upgraded Block (XYZ) to Outperform from Neutral with a $72 price target The company’s guidance for mid-teens gross profit growth acceleration in Q4 looks attainable as headwinds fade, such as high comps in bitcoin and continued pressure in the cash business, the analyst tells investors in a research note. The firm says the acceleration over second half of 2025 would represent “business-as-usual,” while Block’s Borrow product and Proto launch provide scope for additional upside. The firm sees room for a re-rating of the shares.
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- Block upgraded to Outperform from Neutral at BNP Paribas Exane
- Insider Moves: Super Micro, Block, JPMorgan, Plug Power, McDonald’s
- Optimistic Outlook on Block’s Growth Potential Driven by Cash App’s Credit Expansion and Attractive Valuation
- Block price target raised to $75 from $70 at Wolfe Research
- Mixed options sentiment in Block Inc (XYZ), with shares up $0.84 (+1.47%) near $57.85
