On September 2, 2026, Scotiabank initiated coverage of Block, Inc. (OTCPK:BSQKZ) with a Sector Perform recommendation. Block, headquartered in San Francisco, reported significant growth in its Q2 2026 Shareholder Letter, including a 25% year-over-year gross profit increase, 31% growth for Cash App, and 13% growth for Square. The company noted an operating income margin of 14% and raised its full-year guidance.
As of August 1, 2026, analyst consensus showed 14 strong buy, 28 buy, and 10 hold recommendations for Block, translating to an 80.8% positive sentiment. The current mean price target is $83.91, down 25.15% from the previous target of $112.11 set on November 17, 2025.
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