Block stock gets a USD 106 Baird target after Q2 growth

Published on 10/03/2026 at 21:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Baird raised Block stock's target to USD 106 from USD 105 on October 2, 2026. Q2 revenue reached USD 6.62 billion, up 9.3 percent year over year.

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Block stock (ISIN US8522341036) was last at USD 74.33 on the NYSE on October 2, 2026 at 4:02 p.m. ET, up 0.39 percent from the USD 74.04 prior close. The immediate catalyst was Baird's move to lift its price target from USD 105 to USD 106 while retaining an Outperform rating, as Investing.com reported on October 2, 2026.

Baird raises target to USD 106

The revised target sits USD 31.67 above Block's last price, a 42.6 percent difference calculated from the October 2, 2026 market level. Baird cited expectations for a third-quarter beat and higher full-year results, alongside resilience in Cash App and potential support from float income, according to Investing.com.

Q2 growth resets the baseline

Block's second-quarter 2026 revenue reached USD 6.62 billion, up 9.3 percent from the same quarter a year earlier, while adjusted diluted EPS reached USD 1.02 versus USD 0.48 consensus, according to Scanx. The earnings mix matters because management also reported 25 percent year-over-year gross profit growth and a 27 percent adjusted operating income margin for Q2 2026, as recorded in the Fortune transcript dated August 5, 2026.

For fiscal year 2026, Block raised its outlook to USD 12.51 billion in gross profit, up 21 percent year over year, with adjusted diluted EPS growth of 70 percent. The company also expects adjusted operating income of USD 3.47 billion and a 28 percent margin, making execution against that outlook the key test for the next report.

November 3 sets the next checkpoint

Block will release its third-quarter 2026 results after market close on November 3, 2026, followed by a conference call at 5:00 p.m. ET, according to Yahoo Finance. That date gives investors a defined event for testing the raised guidance and the third-quarter growth assumptions.

Block stock stays below its yearly high

Block stock was last at USD 74.33 on October 2, 2026 at 4:02 p.m. ET, with a session range of USD 74.00 to USD 75.95. Its 52-week range was USD 48.21 to USD 86.92, while market capitalization stood at USD 44.2 billion and volume reached 3,812,461 shares.