Block Inc Falls Despite 10% Transaction Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 02 Dec 25
Source: NASDAQ.COM
Block Inc's stock declined by 5.00%, hitting a 5-day low. This drop occurred despite the company reporting a 10% increase in transactions during the Black Friday-Cyber Monday period, processing over 124 million payments.
Approximately 49.8 million consumers and 1.3 million businesses utilized Block's services, with significant local spending increases noted among Cash App Card holders. The growth in transactions reflects a shift in consumer behavior towards smarter spending and local community investment.
The broader market context shows the Nasdaq-100 (QQQ) up 0.59% and the S&P 500 (SPY) up 0.07%, indicating that Block's decline is not aligned with overall market trends.
Analyst Views on XYZ
Wall Street analysts forecast XYZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XYZ is 86.35 USD with a low forecast of 55.00 USD and a high forecast of 105.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
27 Analyst Rating
21 Buy
4 Hold
2 Sell
Moderate Buy
Current: 67.260
Low
55.00
Averages
86.35
High
105.00
Current: 67.260
Low
55.00
Averages
86.35
High
105.00
About XYZ
Block, Inc. builds technology to increase access to the global economy. The Company operates through two segments: Square and Cash App. The Square includes managed payment services, software solutions, hardware, and financial services offered to sellers, excluding those that involve Cash App. The Cash App segment includes the financial tools available to individuals within the mobile Cash App, including peer-to-peer payments, bitcoin and stock investments. The Cash App also includes Cash App Card, which is linked to customer stored balances that customers can use to pay for purchases or withdraw funds from an ATM. Cash App also includes the BNPL platform. Its Afterpay business is transforming the way customers manage their spending over time. Its TIDAL business is a music platform that empowers artists to thrive as entrepreneurs. Its Bitkey business is a simple self-custody wallet built for bitcoin. Proto business is a suite of bitcoin mining products and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
