02:53 PM EDT, 08/08/2025 (MT Newswires) -- Block's (XYZ) Q2 earnings beat and an upward revision to 2025 guidance are reflecting broad-based strength, Oppenheimer said in a Thursday report.

"Block's revised 2025 guide bakes in further macro deterioration

not yet realized, potentially mitigating downside risk," it said.

"Block's recent investments in both Square and Cash App will

drive premium top-line and EBITDA growth."

The report also said its Q3 and implied Q4 guidance call for acceleration in gross profit growth.

Oppenheimer raised its price target to $92 from $71 while keeping its outperform rating.

Price: 73.69, Change: -3.16, Percent Change: -4.12