Block price target raised to $101 from $83 at Piper Sandler

Piper Sandler analyst Arvind Ramnani raised the firm’s price target on Block (XYZ) to $101 from $83 and keeps an Overweight rating on the shares. The firm believes that the benefit of margin expansion/revenue acceleration by applying GenAI within the payment ecosystem is largely underappreciated. In its view, FinTechs will benefit from applying GenAI in their operations, and across their front-end organization.