Keefe Bruyette analyst Vasundhara Govil upgraded Block (XYZ) to Outperform from Market Perform with a price target of $80, down from $87. The firm sees an attractive risk/reward skew following the stock’s recent selloff. Although the market appears skeptical, Keefe sees a path for Block to deliver on its guidance of a “steep acceleration” in gross profit growth in the second half of 2025, the analyst tells investors in a research note. The firm sees potential for a rebound in the stock’s valuation if the company can meet consensus expectations.
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