Block price target raised to $100 from $95 at Macquarie

Macquarie analyst Paul Golding raised the firm’s price target on Block to $100 from $95 and keeps an Outperform rating on the shares after top-line and earnings results beat guidance and market expectations in Q1 despite a slight miss to the consensus GPV forecast. The Q1 beat and stronger full-year outlook drove increased FY24 guidance, says the firm, which raised its own earnings estimates.