Block stock price target raised to $95 from $90 at Jefferies

Investing.com - Jefferies has raised the price target on Block Inc. (NYSE:XYZ) to $95.00 from $90.00 while maintaining a Buy rating on the stock. According to InvestingPro analysis, Block appears undervalued at current levels, with the stock trading at a P/E ratio of 16.3x while maintaining a perfect Piotroski Score of 9, indicating strong financial health.

The research firm expects the Square US share gain narrative to gain momentum following another above-market acceleration in Gross Payment Volume (GPV) growth. Jefferies views this as the most important driver for Block’s stock performance.

Jefferies also anticipates upbeat messaging regarding Block’s growth runway, noting that field sales and distribution partnerships are ramping up for the payment processing company.

The firm indicates that Borrow driving the Gross Profit acceleration in the third quarter should not come as a surprise to investors. Jefferies notes this factor likely supplies more than one percentage point of upside to the Gross Profit guidance.

According to Jefferies, the Cash App narrative can improve with a return to Monthly Active User (MAU) growth, potentially providing another positive catalyst for Block’s stock.

In other recent news, Block, Inc. announced a partnership with Grubhub to integrate Square’s point-of-sale system with Grubhub’s food ordering platform. This integration will allow restaurants to manage Grubhub orders directly through their Square system, streamlining operations and improving efficiency. UBS has maintained its Buy rating for Block, highlighting the potential for growth driven by Block’s Cash App Card and its Buy Now, Pay Later feature. TD Cowen also reiterated its Buy rating, praising Block’s innovation showcased during the Square Releases Fall 2025 event.

Additionally, Square has enhanced its AI assistant with new data integration capabilities, enabling small businesses to make informed decisions using local insights. Square also launched a new bitcoin payments solution for small businesses, allowing fee-free transactions for the first year. This new platform includes Bitcoin Payments, Bitcoin Conversions, and a Bitcoin Wallet, providing merchants with comprehensive bitcoin payment solutions. These developments underscore Block’s ongoing efforts to innovate and expand its services across various sectors.

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