Block (XYZ) Stock Price Target Raised in Earnings Preview
Block stock (NYSE: XYZ) is on the radar this morning, as Jefferies raised its price target ahead of the company’s Q3 earnings release. The revised target, climbing to $95 from $90, reflects optimism surrounding Square’s performance in the U.S. market.
Jefferies’ rationale for the price target increase centers on anticipated gains in Square’s U.S. market share. The firm believes that Square will demonstrate accelerated growth in gross payment volume (GPV), surpassing overall market trends.
This expectation is a key driver behind the bullish outlook, as Square’s performance is considered a critical factor for Block’s overall financial health. Jefferies also anticipates favorable messaging from Block’s management regarding Square’s…
