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

Group 1 - Block, Inc. is included in Cathie Wood's Growth Stock Portfolio, indicating a positive outlook from notable investment figures [1] - Piper Sandler has maintained an Underweight rating on Block, Inc. and reduced its price target from $55 to $51 ahead of the company's quarterly reports [2] - Truist has reaffirmed a Hold rating on Block, Inc. and increased its price target from $68 to $72, anticipating strong fourth-quarter results but cautioning about year-over-year comparisons [3] Group 2 - Block, Inc. has raised its full-year gross profit outlook to $10.2 billion for 2025, consistent with the previous quarter's forecast [4] - The company reported a net income of $461.54 million, or 74 cents per share, significantly up from last year's net income of $283.75 million, or 45 cents per share [4] - Block, Inc. provides payment services and has developed Cash App, a person-to-person payment network, highlighting its role in the FinTech sector [4]