These Analysts Increase Their Forecasts On Block After Strong Q2 Results

Benzinga Earnings

08/06

Block Inc. (NYSE:XYZ) on Wednesday posted better-than-expected second-quarter results.

Block reported quarterly earnings of $1.02 per share, which beat the consensus estimate of 87 cents by 17.24%. Quarterly revenue came in at $6.62 billion, which beat the analyst consensus estimate of $6.49 billion.

"AI will make software creation abundant. Judgment, trust, depth of understanding, and capability will become scarce. Our advantage is that we understand which things matter for the customers we serve, we own the hard capabilities behind them, and we’ve connected them into a network that compounds with every seller and every customer who joins," said CEO Jack Dorsey.

Block raised its FY2026 adjusted EPS guidance from $3.85 to $4.02.

Block shares fell 0.6% to $83.68 in pre-market trading.

These analysts made changes to their price targets on Block following earnings announcement.

BTIG analyst Andrew Harte maintained Block with a Buy and raised the price target from $90 to $100.
Needham analyst Mayank Tandon maintained the stock with a Buy and raised the price target from $95 to $100.

Considering buying XYZ stock? Here’s what analysts think:

Photo via Shutterstock

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Quarterly revenue came in at $6.62 billion, which beat the analyst consensus estimate of $6.49 billion.</p>\n<p>\"AI will make software creation abundant. Judgment, trust, depth of understanding, and capability will become scarce. Our advantage is that we understand which things matter for the customers we serve, we own the hard capabilities behind them, and we’ve connected them into a network that compounds with every seller and every customer who joins,\" said CEO Jack Dorsey.</p>\n<p>Block raised its FY2026 adjusted EPS guidance from $3.85 to $4.02.</p>\n<p>Block shares fell 0.6% to $83.68 in pre-market trading.</p>\n<p>These analysts made changes to their price targets on Block following earnings announcement.</p>\n<ul>\n<li>BTIG analyst Andrew Harte maintained Block with a Buy and raised the price target from $90 to $100.</li>\n<li>Needham analyst Mayank Tandon maintained the stock with a Buy and raised the price target from $95 to $100.</li>\n</ul>\n<p><strong>Considering buying XYZ stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"322\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06073900/image-163-1024x322.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06073900/image-163-1024x322.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06073900/image-163-300x94.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06073900/image-163-768x241.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06073900/image-163.png 1140w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These Analysts Increase Their Forecasts On Block After Strong Q2 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese Analysts Increase Their Forecasts On Block After Strong Q2 Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time\">2026-08-06 19:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><strong><a href=\"https://laohu8.com/S/XYZ.AU\">Block Inc</a>.</strong> (NYSE:XYZ) on Wednesday posted better-than-expected second-quarter results.</p>\n<p><a href=\"https://laohu8.com/S/XYZ\">Block</a> reported quarterly earnings of $1.02 per share, which beat the consensus estimate of 87 cents by 17.24%. Quarterly revenue came in at $6.62 billion, which beat the analyst consensus estimate of $6.49 billion.</p>\n<p>\"AI will make software creation abundant. Judgment, trust, depth of understanding, and capability will become scarce. Our advantage is that we understand which things matter for the customers we serve, we own the hard capabilities behind them, and we’ve connected them into a network that compounds with every seller and every customer who joins,\" said CEO Jack Dorsey.</p>\n<p>Block raised its FY2026 adjusted EPS guidance from $3.85 to $4.02.</p>\n<p>Block shares fell 0.6% to $83.68 in pre-market trading.</p>\n<p>These analysts made changes to their price targets on Block following earnings announcement.</p>\n<ul>\n<li>BTIG analyst Andrew Harte maintained Block with a Buy and raised the price target from $90 to $100.</li>\n<li>Needham analyst Mayank Tandon maintained the stock with a Buy and raised the price target from $95 to $100.</li>\n</ul>\n<p><strong>Considering buying XYZ stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"322\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06073900/image-163-1024x322.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06073900/image-163-1024x322.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06073900/image-163-300x94.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06073900/image-163-768x241.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/06073900/image-163.png 1140w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B19Z3581.USD","symbol_name":"Legg Mason ClearBridge - Value A Acc USD","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/08/60989986/these-analysts-increase-their-forecasts-on-block-after-strong-q2-results","article_id":"2657635950","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2657635950","pubTimestamp":1786016410,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga Earnings","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Block Inc. 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(NYSE:XYZ) on Wednesday posted better-than-expected second-quarter results.\nBlock reported quarterly earnings of $1.02 per share, which beat the consensus estimate of 87 cents by 17.24%. Quarterly revenue came in at $6.62 billion, which beat the analyst consensus estimate of $6.49 billion.\n\"AI will make software creation abundant. Judgment, trust, depth of understanding, and capability will become scarce. Our advantage is that we understand which things matter for the customers we serve, we own the hard capabilities behind them, and we’ve connected them into a network that compounds with every seller and every customer who joins,\" said CEO Jack Dorsey.\nBlock raised its FY2026 adjusted EPS guidance from $3.85 to $4.02.\nBlock shares fell 0.6% to $83.68 in pre-market trading.\nThese analysts made changes to their price targets on Block following earnings announcement.\n\nBTIG analyst Andrew Harte maintained Block with a Buy and raised the price target from $90 to $100.\nNeedham analyst Mayank Tandon maintained the stock with a Buy and raised the price target from $95 to $100.\n\nConsidering buying XYZ stock? Here’s what analysts think:\n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}