Block Stock Jumps After Two Stock Upgrades In One Day

Aditya Raghunath4 minute read
Reviewed by: Thomas Richmond
Last updated Mar 23, 2026

Key Stats for Block Stock

  • Price change for Block stock Today: 2%
  • $XYZ Share Price as of Mar. 19: $59
  • 52-Week High: $83
  • $XYZ Stock Price Target: $86

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What Happened?

Block (XYZ) stock climbed nearly 2% on Thursday after two separate analyst firms upgraded the stock on the same day.

  • Truist Securities raised its rating to Buy from Hold, lifting its price target to $77.
  • Rothschild & Co upgraded Block stock to Neutral from Sell, a rating it had held for five years, setting a target of $55.
XYZ Stock Revenue, EBIT and Free Cash Flow Estimates in Billion USD (TIKR)

The upgrades follow a busy stretch for the company.

  • Block recently cut about 40% of its workforce, posted strong Q4 earnings, and raised its 2026 guidance.
  • Gross profit grew 24% year over year in Q4, and
  • the company now expects full-year gross profit growth of 18% and adjusted operating income of $3.2 billion, up 54% from 2025.

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What the Market Is Telling Us About Block Stock

Truist analyst Matthew Coad said he had been cautious on Block stock heading into the year.

  • His concern was that a growing mix of lending-related revenue could squeeze margins and pressure the stock’s valuation. He now sees that picture changing.
  • The large workforce reduction should meaningfully cut costs.
  • Block stock has also de-rated sharply, now trading at just 12 times his 2027 EPS estimate.
  • Coad sees upside to both margins and capital returns as free cash flow improves.
  • He also pointed to strong business momentum across all three of Block’s key segments.
  • Square saw new volume added grow 27% year over year in Q4.
  • Cash App showed improving user growth.
  • And Proto, the Bitcoin mining business, is taking meaningful market share after launching in late 2025.
XYZ Stock Valuation Model (TIKR)

Rothschild’s upgrade tells a different story.

  • Analysts Fahed Kunwar and Ellie Hall had been bearish for years, citing balance sheet concerns and payments falling behind peers.
  • They say both of those concerns have now played out. At 13 times 2027 GAAP earnings, they see the stock fairly valued.
  • They also raised their estimates by 28% to 34%, pointing to stronger Cash App Borrow loan growth and AI-driven cost savings.

The broader analyst community largely agrees. Wall Street analysts rate Block stock as a Buy on average.

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Disclaimer:

Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!

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