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May 11, 2026 12:30 PM

This Block Analyst Remains Bullish On Earnings Power Inflection, Improving Execution

Shares of Block Inc (NYSE:XYZ) slipped in early trading this morning after climbing last week on a blowout first-quarter report.

The company delivered a strong beat-and-raise quarter, amid macro noise and investor skepticism around the recent layoffs, according to BofA Securities.

The Block Analyst: BofA analysts maintained a Buy rating and price target of $100.

The Block Thesis: The first quarter marked "a constructive start to the year," with the company reporting higher-than-expected gross profits, operating income, and earnings, "with upside driven by improved execution and disciplined cost control rather than one-time items," analysts wrote in the ...