Piper Sandler Maintains an Underweight Rating on Block, Inc. (XYZ)

Block, Inc. (NYSE:XYZ) is among the Growth Stock Portfolio: 12 Stock Picks By Cathie Wood.

Before the company’s quarterly reports, TheFly reported on January 14, 2026, that Piper Sandler reduced its price objective for Block, Inc. (NYSE:XYZ) from $55 to $51. It kept an Underweight rating on the stock.

On the other hand, Truist reaffirmed a Hold rating on Block, Inc. (NYSE:XYZ) and boosted its price objective from $68 to $72 on January 20, 2026. Although the analyst anticipates strong fourth-quarter results, he warns that volume-related beats may be limited by more challenging year-over-year comparisons. Truist notes that certain management teams may modify the initial 2026 projection downward to reset Street expectations, but he is still upbeat about the FinTech group as a whole throughout 2026.

In the latest quarter, the firm boosted its full-year outlook to $10.2 billion gross profit in 2025, up from $10.2 billion last quarter. Moreover, Block, Inc. (NYSE:XYZ) announced net income of $461.54 million, or 74 cents per share, a considerable increase over last year’s net income of $283.75 million, or 45 cents per share.

Block, Inc. (NYSE:XYZ) offers merchants payment services and other related services. The company also established Cash App, a person-to-person payment network.

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Disclosure: None. This article is originally published at Insider Monkey.