Morgan Stanley Upgrades Block Inc. (XYZ) to Overweight

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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