Shares of Block Inc (NYSE:XYZ) rose in early trading on Thursday, after the company Thursday reported upbeat first-quarter results.

Here are the key analyst insights:

Needham analyst Mayank Tandon reiterated a Buy rating, while raising the price target from $90 to $95.

BTIG analyst Andrew Harte maintained a Buy rating and price target of $90.

Check out other analyst stock ratings.

Needham: Block’s gross profit growing 26% year-on-year to $2.91 billion. It exceeded the consensus of $2.8 billion. Cash App gross profit growth accelerated to 38% year-on-year, driven by strong growth in Card and BNPL (buy now pay later), while Square GPV (gross payment volume) growth accelerated to 13% year-on-year, driven by food & beverage, mid-market and international, ...