BTIG has maintained its Buy rating on Block, Inc. and raised its price target to $100, designating the company as its top pick following a second‑quarter performance that beat expectations. In Q2, Block’s Square segment reported U.S. gross payment volume growth of 10% year‑over‑year, the strongest expansion since the second quarter of 2023, while Square gross profit increased 13.1% compared with Street expectations of 9.9%; this result incorporated a 2% benefit from tariff reimbursements. Cash App revenue surged 31.6%, outpacing consensus estimates of 27.4%, driven by continued scaling of Cash App Borrow and Enablement products such as buy‑now‑pay‑later services and the Cash App Card. Block raised its fiscal 2026 gross profit guidance by $180 million, surpassing the $126 million beat recorded in the quarter, and lifted its fiscal 2026 adjusted operating income and earnings‑per‑share guidance roughly in line with the quarter’s outperformance. The firm also increased its fiscal 2026 and fiscal 2027 adjusted EPS estimates by approximately 3% each, while third‑quarter guidance remains aligned with current Street expectations. BTIG expressed confidence that Block can sustain mid‑teens gross‑profit growth over the next several years and indicated that any stock weakness would be viewed as a buying opportunity, despite the stock’s 29% year‑to‑date gain. Block announced adjusted Q2 earnings of $1.02 per share, surpassing consensus estimates, and the strong results prompted other analyst firms, including Argus, UBS and Needham, to raise their price targets for the company.