TLDR
Block (XYZ) upgraded to Buy by Truist Securities with $68 price target on November 17 after stock fell over 20%
William Blair and TD Cowen maintained Buy ratings, with TD Cowen setting $91 price target citing oversold conditions
Q3 2025 revenue increased 2.3% year-over-year to $6.11 billion, with adjusted EPS of $0.54
Bitcoin revenue declined 19% to $1.97 billion, but Square and Cash App segments showed growth acceleration
Jim Cramer highlighted Block’s announcement of $5 billion buyback program and aggressive three-year growth targets at recent analyst meeting
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Block stock received fresh support from Wall Street analysts after dropping more than 20% in recent months. Three firms reaffirmed positive outlooks on the fintech company despite recent volatility.
Truist Securities upgraded Block to Buy from Hold on November 17. The firm raised its price target to $68 from $67. The upgrade came as the stock traded near recent lows.
Block, Inc., XYZ
The analysts pointed to concerns about credit risks in Block’s Cash App Borrowing product. This lending feature has expanded rapidly. Some investors worry about defaults as economic conditions remain uncertain.
Truist believes the selloff went too far. The firm sees strong momentum in Block’s Square segment. This business provides point-of-sale systems and payment processing for merchants.
The research team boosted its 2026 earnings forecast for Block. Truist now expects adjusted earnings of $3.28 per share. The consensus estimate sits at $3.25 per share.
Analyst Support Remains Strong
William Blair analyst Andrew Jeffrey kept his Buy rating the same day. He cited strong Q3 performance and Q4 guidance pointing to continued acceleration.
Jeffrey focused on Block’s strategic emphasis on consumer liquidity. He expects positive trends to continue through coming quarters.
TD Cowen maintained its Buy rating with a $91 price target. The firm views Block as oversold after its reaction to third-quarter earnings.
TD Cowen expects Block to deliver 2026 guidance meeting market expectations. Management should also provide new medium-term financial projections.
Third Quarter Results
Block reported Q3 2025 results on November 6. Total revenue climbed 2.3% year-over-year to $6.11 billion. The prior year’s Q3 revenue was $5.98 billion.
Bitcoin revenue fell 19% to $1.97 billion from $2.43 billion. This decline weighed on overall revenue growth. All other revenue segments posted gains during the quarter.
Cash App and Square both showed revenue acceleration. The company maintained stable adjusted EBITDA margins. Operational efficiency gains offset new platform investments.
Adjusted diluted earnings per share reached $0.54. That compared to $0.53 in the year-ago quarter.
Volume growth stood out during the quarter. The company scaled its platform while maintaining momentum across multiple business lines.
Cramer Commentary and Buyback
Jim Cramer discussed Block during a recent segment on CNBC. He mentioned the company announced aggressive growth targets for the next three years at an analyst meeting.
Cramer noted Block is “a real profitable business” trading close to its lows. The company announced a $5 billion buyback program.
The stock jumped 7.5% on the day of the announcement. It was the best performing stock in the S&P 500 that day.
Truist raised its 2026 adjusted EPS forecast to $3.28, citing improving momentum in the Square segment offsetting Cash App Borrowing credit concerns.
