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Can Block (XYZ) Stock Reach $98?

a provider of credit card reader solutions for mobile devices

XYZ
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A.I.Advisor
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A.I.Advisor
Nov 02, 2026

Can Block (XYZ) Stock Reach $98?

Key Takeaways

  • The central $98 price target is the arithmetic mean of recent verified analyst price targets reviewed, roughly 29% above the latest price near $76.
  • Individual analyst targets span a wide range from about $75 to $125, reflecting meaningful disagreement between cautious and bullish views.
  • The overall analyst consensus remains a "Buy"/Outperform, but a late-October downgrade by Morgan Stanley highlights near-term execution risk.
  • Rising gross profit and operating income support the bull case, with third-quarter earnings due on November 3, 2026 serving as a key catalyst.
  • The biggest obstacles are near-flat fiscal 2025 revenue growth, an elevated valuation, and competitive and regulatory pressure in fintech.
  • Readers can find more detail on Block's Major News, Today's Price Move, Forecast, and Earnings pages.
  • Explore Trending AI Robots to see how artificial intelligence is being applied to trading and market monitoring.

Analyst Price Targets and Consensus View

Block, Inc. (XYZ), the fintech company formerly known as Square, carries an overall "Buy" consensus rating from the dozens of sell-side analysts covering it. Reviewing more than a dozen recent, individually attributed targets produces a mean of roughly $98, in line with independent aggregator figures. The dispersion is unusually wide: recent targets range from about $75 on the cautious end to $125 on the most bullish, a gap that underscores how differently analysts weight growth versus valuation.

Recent actions illustrate the split. In October 2026, BMO Capital upgraded the stock to Outperform with a $101 target, citing improved product and go-to-market velocity, while Bank of America maintained its Buy rating with a $115 target. Around the same time, Morgan Stanley moved in the opposite direction, downgrading Block to Equal Weight with an $80 target, arguing that "bullish expectations" create modestly higher risk to near-term growth and profitability. Other current targets include Truist Financial at $89, Piper Sandler and StoneX at $105, Goldman Sachs at $107, UBS at $98, and RBC Capital and Bernstein at $95. The calculated mean should be read as a central tendency across divergent views, not as a guarantee.

Current Market Position and Path Toward the Target

Block traded near $76.22 at its most recent close, with a 52-week range of $48.21 to $86.92 and a market capitalization of about $45.8 billion. Reaching $98 would require a gain of roughly 29% from current levels—a substantial move, though one that would still leave the stock below its 52-week high by a wide margin in percentage terms relative to the target's distance.

The path toward $98 would most plausibly run through continued expansion of gross profit and operating income. Block generated roughly $24.2 billion in revenue in fiscal 2025—essentially flat year over year—but gross profit rose to about $10.4 billion and operating income improved markedly. Because the stock trades on a trailing P/E (price-to-earnings) ratio well above 100, a re-rating toward the average analyst price target depends less on multiple expansion than on sustained earnings growth from its two engines, Square and Cash App.

What Could Support a Move Toward the Target

  • Profitability momentum: Gross profit and operating income have climbed even as headline revenue has stagnated, a dynamic several analysts cite when upgrading the stock.
  • Ecosystem scale: The combination of Square's merchant point-of-sale platform and Cash App's consumer financial tools gives Block two large, complementary growth surfaces.
  • Analyst revisions: Upgrades from BMO Capital, HSBC, and Piper Sandler through 2026 reflect the view that earnings expectations remain resilient despite valuation compression across the group.
  • Recovery off the lows: The stock has climbed from near $48 to roughly $76, and its year-to-date return has outpaced the broader market.

What Could Prevent the Target From Being Reached

  • Near-flat revenue: Fiscal 2025 revenue growth of roughly 0.3% leaves limited top-line cushion if profitability stalls.
  • Elevated valuation: A trailing P/E above 100 leaves little room for error if EPS (earnings per share) growth disappoints.
  • Competition and regulation: Payments and consumer fintech remain intensely competitive, and areas such as buy-now-pay-later (via Afterpay) and bitcoin services carry regulatory and volatility risk.
  • Sentiment shifts: Morgan Stanley's recent downgrade, and a decline in the number of institutions reporting positions in the stock, show that conviction is not universal.

Technical Levels and Market Structure

The most meaningful overhead level is the 52-week high near $86.92, which stands between the current price and the $98 target. A sustained move through that zone would mark a fresh breakout, while $100 serves as a psychological round number just above the target. On the downside, the $75 area—coinciding with the lowest current analyst targets—is an initial support level, with the 52-week low near $48.21 well below.

Time Horizon and What Investors Should Monitor

Analyst price targets generally reflect a research horizon of around 12 months, though individual firms vary. For Block, the next key event is third-quarter earnings on November 3, 2026, where guidance and gross-profit trends will be closely scrutinized. Investors should also watch subsequent analyst revisions, macroeconomic signals affecting consumer spending and small-business activity, interest-rate decisions that influence fintech funding costs, and any regulatory developments around payments and cryptocurrency.

AI Daily Buy/Sell Signals

Tickeron's AI Daily Buy/Sell Signals uses artificial intelligence to continuously monitor thousands of stocks and ETFs, generating Buy, Sell, or Hold signals based on changing market conditions, technical behavior, and AI-driven analysis. Rather than relying on a single indicator, the system evaluates multiple factors to help traders discover opportunities, keep an eye on existing positions, and spot shifting trends more efficiently. Whether you are following Block's path toward its analyst price target or scanning the broader market, the AI Daily Buy/Sell Signals can help streamline your research process.

Final Assessment

The question of whether Block can reach $98 comes down to execution. The central target—the mean of recent verified analyst price targets—implies a substantial gain of roughly 29% from the current price near $76. Support comes from rising profitability, a strong two-sided ecosystem, and a series of 2026 upgrades. The obstacles are equally real: flat revenue, a demanding valuation, competitive pressure, and visible disagreement among analysts whose targets stretch from $75 to $125. The upcoming earnings report and any changes to forward guidance will likely determine whether the stock can build the fundamental momentum that a move toward $98 would require. No outcome is guaranteed.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

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XYZ and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, XYZ has been closely correlated with COIN. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if XYZ jumps, then COIN could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To XYZ
1D Price
Change %
XYZ100%
+1.13%
COIN - XYZ
72%
Closely correlated
-3.98%
CLSK - XYZ
67%
Closely correlated
-6.78%
RIOT - XYZ
62%
Loosely correlated
-7.57%
SHOP - XYZ
55%
Loosely correlated
-0.81%
AVPT - XYZ
54%
Loosely correlated
-2.22%
More

Groups containing XYZ

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To XYZ
1D Price
Change %
XYZ100%
+1.13%
Computer Communications
industry (167 stocks)
-0%
Poorly correlated
+0.58%
Can Block (XYZ) Stock Reach $98?