Block price target lowered to $90 from $108 at Citi

Citi lowered the firm’s price target on Block (XYZ) to $90 from $108 and keeps a Buy rating on the shares. The firm updated the company’s model to incorporate the Q4 results. Product development and marketing investment should support a more favorable revenue growth profile excluding bitcoin into 2026, with a greater margin scale, the analyst tells investors in a research note. Citi says that while Block remains a “show me” story in terms of Seller stabilization and greater Cash App monetization, the pullback in the shares “should provide an attractive entry point.”