Block stock gains 2.68 percent as Baird raises its target price

Published on 10/05/2026 at 20:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Block stock was trading at USD 76.32 on October 5, 2026, while Baird lifted its target to USD 106. Q2 revenue reached USD 6.62 billion.

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Block (ISIN US8522341036) was trading at USD 76.32 on the NYSE on October 5, 2026 at 2:11 p.m. ET, up 2.68 percent from the prior close. The move gives investors a fresh market test for a company whose second-quarter revenue rose 9.3 percent year over year to USD 6.62 billion.

Baird raises its price target

According to MarketBeat on October 2, 2026, Robert W. Baird raised its Block price target from USD 105 to USD 106 and maintained an Outperform rating. The change came ahead of Block's third-quarter report and puts the target 38.9 percent above the October 5 price.

The broader analyst view is also positive. Yahoo Finance lists a Strong Buy consensus, an average target of USD 98.39 and a high target of USD 125.00, with the average 28.9 percent above the October 5 trading price.

Q2 growth meets a quality test

Block's Q2 2026 results showed gross profit of USD 3.17 billion, up 25 percent year over year, and adjusted operating income of USD 863.8 million. Adjusted operating margin reached a record 27 percent, while adjusted diluted earnings per share increased 65 percent, according to EarningsStory in its Q2 2026 review.

The accounting picture is more uneven than the adjusted figures. GAAP net income was USD 88.5 million in Q2 2026, down from USD 538.5 million a year earlier, while adjusted operating income rose to USD 863.8 million. The contrast makes credit performance and the sustainability of Cash App financial solutions important variables for the next report.

November report sets the next checkpoint

Block Investor Relations announced on October 2, 2026, that Q3 2026 results will be released after market close on November 3, 2026. The company also scheduled its earnings webcast for 5:00 p.m. ET that day.

Block stock trades below its yearly high

Block stock was trading at USD 76.32 on October 5, 2026, with a session range of USD 74.18 to USD 76.40 and a 52-week range of USD 48.21 to USD 86.92. Its market capitalization was USD 45.4 billion and volume stood at 2,004,693 shares.