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BofA revisits Block stock price target after earnings
TheStreet130d agoneutral
BofA revisits Block stock price target after earnings

Block investors have been looking for signs that the company’s reset is doing more than lowering costs, and Bank of America says the first quarter gave them a stronger case to consider. In a Bank of America note provided to TheStreet, analyst Matthew C. O’Neill maintained a Buy rating on Block and ...

Block (XYZ) Q1 Earnings Surpass Estimates
Zacks135d agoneutral
Block (XYZ) Q1 Earnings Surpass Estimates

Block (XYZ) delivered earnings and revenue surprises of +25.68% and -0.81%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?

Block raises annual gross profit outlook on consumer spending strength
Reuters135d agoneutral
Block raises annual gross profit outlook on consumer spending strength

Jack Dorsey-led Block raised its full-year outlook on Thursday as the payments firm benefited from resilient ‌consumer spending and strong growth in its core businesses. The ‌Oakland, California-based company now expects annual gross profit to be $12.33 billion in 2026, compared ​with its previous forecast of $12.20 billion. U.S. consumer spending remained broadly resilient ‌in the first three ⁠months of 2026, underpinned by a stable labor market and wage growth.

Analyst predicts 35% upside for Dorsey's Block ahead of earnings
TheStreet136d agoneutral
Analyst predicts 35% upside for Dorsey's Block ahead of earnings

Jack Dorsey's financial services company Block, Inc. (NYSE: XYZ) is set to report the financial results for the first quarter of 2026 on May 7. As Dorsey is a strong Bitcoin (BTC) advocate, Block's products integrate the top cryptocurrency. Cash App, a wallet that allows Bitcoin ...

CEOs Have Split on AI’s Jobs Impact
The Wall Street Journal136d agoneutral
CEOs Have Split on AI’s Jobs Impact

Here's how two senior executives said AI will affect their businesses in the years ahead: AI changes “how we work,” says Brian Armstrong, CEO at Coinbase Global. The company on Tuesday announced it was cutting 14% of its workforce.