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Block Axes 4,000 Jobs, Lifts 2026 Outlook
Benzinga· 2026-02-27 19:03
Block, Inc. (NYSE:XYZ) stock surged Friday after the fintech giant paired a blowout fourth quarter with a sweeping workforce reduction, prompting a wave of bullish analyst reactions. Deep staff cuts and accelerating Cash App momentum are set to turbocharge margins and reshape the company's earnings power — and Wall Street is taking notice.Needham analyst Mayank Tandon reiterated his bullish stance on Block, raising his price forecast after the company posted strong fourth-quarter results and announced a maj ...