Block rises after lifting annual profit forecast
XYZ•Block raised its 2026 gross profit forecast to $12.63 billion, representing 22% growth, from a prior forecast of $12.51 billion.
1. Raised outlook
Block shares rose 8.7% to $82.40 in after-hours trading after the payments firm lifted its full-year gross profit outlook. Thirty-nine of 48 brokerages rate the stock “buy” or higher, while nine rate it “hold”; the median price target is $97. Block was up 16.7% year to date as of its last close.
