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

Block, Inc. (NYSE:XYZ) is among the Growth Stock Portfolio: 12 Stock Picks By Cathie Wood.

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

Before the company’s quarterly reports, TheFly reported on January 14, 2026, that Piper Sandler reduced its price objective for Block, Inc. (NYSE:XYZ) from $55 to $51. It kept an Underweight rating on the stock.

On the other hand, Truist reaffirmed a Hold rating on Block, Inc. (NYSE:XYZ) and boosted its price objective from $68 to $72 on January 20, 2026. Although the analyst anticipates strong fourth-quarter results, he warns that volume-related beats may be limited by more challenging year-over-year comparisons. Truist notes that certain management teams may modify the initial 2026 projection downward to reset Street expectations, but he is still upbeat about the FinTech group as a whole throughout 2026.

In the latest quarter, the firm boosted its full-year outlook to $10.2 billion gross profit in 2025, up from $10.2 billion last quarter. Moreover, Block, Inc. (NYSE:XYZ) announced net income of $461.54 million, or 74 cents per share, a considerable increase over last year’s net income of $283.75 million, or 45 cents per share.

Block, Inc. (NYSE:XYZ) offers merchants payment services and other related services. The company also established Cash App, a person-to-person payment network.

While we acknowledge the risk and potential of XYZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than XYZ and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best Performing Stocks in 2025 and 12 Best Food Stocks to Buy in 2026

Disclosure: None. This article is originally published at Insider Monkey.