Morgan Stanley Upgrades Block Inc. (XYZ) to Overweight
Get Alerts XYZ Hot Sheet
Price: $66.33 -1.56%
Rating Summary:
14 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
14 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Morgan Stanley analyst James Faucette upgraded Block Inc. (NYSE: XYZ) from Equalweight to Overweight with a price target of $93.00 (from $72.00).
The analyst comments "Upgrading XYZ to OW ($93 PT) as XYZ’s faster growth and an expanded TAM already appearing after product enhancement/ expansion, while AI opportunity should deliver increased profitability. ’26 EPS goes to $3.81 (from $3.19) and ’27 to $5.19 (from $4.10)."
For an analyst ratings summary and ratings history on Block Inc. click here. For more ratings news on Block Inc. click here.
Shares of Block Inc. closed at $54.53 yesterday.
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