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Benzinga
Benzinga
Business
Anusuya Lahiri

Block's Strong Quarter Overshadowed By Market Overreaction, Growth Story Remains Intact: Analyst

Block Square XYZ Block, Inc. Cash App United States
Block,Inc.

Block Inc (NYSE:XYZ) delivered a strong third quarter, even as investors reacted negatively to temporary headwinds tied to its new processing partner agreement. The company's solid performance was driven by robust growth across both its Cash App and Square businesses.

BTIG analyst Andrew Harte maintained a Buy on Block with a price target of $90.

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