BofA Trims Block (XYZ) PT After Consumer Finance Sector Review

Group 1 - Block Inc. is considered one of the best growth stocks to buy in 2026, with Bank of America lowering its price target to $86 while maintaining a Buy rating [1] - Morgan Stanley raised its price target on Block to $72, indicating optimism following the company's investor day, where it met gross profit targets [2] - In Q3 2025, Block reported an 18% year-over-year increase in gross profit to $2.66 billion, despite missing revenue expectations by $196.93 million [3] Group 2 - The Cash App segment saw a significant gross profit increase of 24%, attributed to higher user engagement and scaling of financial services [3] - The Square segment reported a 9% increase in gross profit, supported by a 12% rise in Gross Payment Volume (GPV), with international markets experiencing a 26% GPV increase [4] - Block operates through two main segments: Square and Cash App, focusing on commerce and financial products and services both in the US and internationally [4]