Baird raises target for Block stock from USD 105.00 to USD 106.00
Published on 10/02/2026 at 17:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Block stock was trading at EUR 66.38 at Lang & Schwarz on October 2, 2026 at 5:05 p.m. CEST, up 0.84 percent versus the prior close of EUR 65.83. As Investing.com reported on October 2, 2026, Baird raised its target for Block from USD 105.00 to USD 106.00 in a note dated September 30, 2026, while maintaining an Outperform rating.
Baird raises its target
Baird also designated Block a Bullish Fresh Pick ahead of the company's third-quarter results, citing expectations for an earnings beat and higher guidance, according to Investing.com on October 2, 2026. The report also pointed to Cash App monetization, float income and easing bad-debt reserves as potential supports for the outlook.
Revenue grows as profit falls
Block reported USD 6.62 billion in revenue for the quarter ended June 30, 2026, up 9.30 percent from USD 6.05 billion a year earlier. Markets Insider reported that quarterly net profit was USD 88.52 million, down from USD 538.46 million in the comparable quarter.
The contrast matters for the valuation debate: revenue advanced by USD 570.00 million year over year, while net profit declined by USD 449.94 million. Baird's higher target therefore rests on expected execution in the third quarter rather than on a simple continuation of the second-quarter profit trend.
EUR price and USD trading frame
Block had a USD 44.3 billion market capitalization on October 2, 2026. Its NYSE 52-week range was USD 48.21 to USD 86.92 on the same date, placing the primary-exchange quotation below its yearly high while the Lang & Schwarz reference price remained in euros.
The further course of trading is shown by the continuously updated real-time quote of Block stock.
Block stock at a glance
- Company: Block, Inc.
- ISIN: US8522341036
- Ticker: XYZ
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 2, 2026, 5:05 p.m. CEST): EUR 66.38
- Change versus prior close: plus 0.84 percent
- Prior close Lang & Schwarz (October 1, 2026): EUR 65.83
- Market capitalization: USD 44.3 billion (as of October 2, 2026)
- 52-week range: USD 48.21-USD 86.92 (as of October 2, 2026)
- Sector / Industry: Technology / Software - Infrastructure
