BTIG keeps its USD 100 target for Block stock

Published on 10/01/2026 at 16:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Block stock costs EUR 64.63 on October 1, 2026 versus EUR 65.23. Revenue rose 9.3 percent to USD 6.62 billion in the second quarter of 2026.

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Block Inc. (ISIN US8522341036) was trading at EUR 64.63 at Lang & Schwarz on October 1, 2026 at 4:05 p.m. CEST, minus 0.92 percent versus the prior close of EUR 65.23. MarketBeat reported on September 30, 2026 that BTIG Research reissued its Buy rating and kept a USD 100.00 target for Block stock.

BTIG keeps a USD 100 target

The BTIG target compares with the latest US primary-market quote of USD 72.94 on October 1, 2026 at 10:16 a.m. EDT. Block is listed on the NYSE under ticker XYZ, and its market capitalization stood at USD 43.4 billion on October 1, 2026.

The stock's 52-week range was USD 48.21 to USD 86.92 on October 1, 2026. That range places the current US quote below the yearly high, while the euro reference price remains the required German trading perspective.

Second-quarter growth broadens

According to Yahoo Finance, Block reported USD 6.62 billion in revenue in the second quarter of 2026, up 9.3 percent year over year. Adjusted earnings per share reached USD 1.02, up 64.5 percent year over year and 18.6 percent above the USD 0.86 consensus estimate.

Gross profit rose 24.8 percent year over year to USD 3.17 billion in the second quarter of 2026. Cash App gross profit increased 31.5 percent to USD 1.97 billion, while Bitcoin Ecosystem revenue fell 12.8 percent to USD 1.89 billion, creating a clear split between the growth engines and the more volatile segment.

Bank application remains subject to approval

Block's strategic expansion also includes a proposed trust-bank structure. MarketScreener reported on September 8, 2026 that Block submitted an application to establish Builders Bank and Trust, an uninsured national trust bank. The proposed bank would provide custody and related fiduciary services for bitcoin and stablecoins, but operations depend on approval by the Office of the Comptroller of the Currency.

The next scheduled earnings release is November 3, 2026, according to the company calendar reproduced by MarketScreener. The central measure for that update will be whether Cash App profitability can continue to offset pressure from Bitcoin-related revenue and higher credit exposure.

EUR 64.63 sets the trading reference

Block stock was trading at EUR 64.63 at Lang & Schwarz on October 1, 2026 at 4:05 p.m. CEST, minus 0.92 percent versus the prior close of EUR 65.23 on September 30, 2026. On the NYSE, the stock was last at USD 72.94 on October 1, 2026 at 10:16 a.m. EDT.

The further course of trading is shown by the continuously updated real-time quote of Block stock.