Goldman Sachs Adds Block to Conviction List, Boosting Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 02 2026
0mins
Block Inc's stock fell by 5.00% as it crossed below the 20-day SMA, reflecting a challenging market environment.
Goldman Sachs added Block to its June conviction list, expressing strong confidence in the company's potential for AI productivity enhancement and growth in the consumer finance sector. The firm set a price target of $95, indicating a 25% upside from last Friday's close, which highlights the optimistic outlook despite the current price decline.
This endorsement from Goldman Sachs may attract investor interest and provide a potential rebound for Block's stock, as the market looks for signs of recovery in the tech sector.
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Analyst Views on XYZ
Wall Street analysts forecast XYZ stock price to rise
30 Analyst Rating
25 Buy
3 Hold
2 Sell
Strong Buy
Current: 68.150
Low
55.00
Averages
86.51
High
108.00
Current: 68.150
Low
55.00
Averages
86.51
High
108.00
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.
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