Morgan Stanley upgrades Block stock rating on product expansion

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Morgan Stanley has upgraded Block Inc. (NYSE:XYZ) from Equalweight to Overweight and increased its price target to $93.00, citing faster growth and an expanded total addressable market due to product enhancements. The firm believes the artificial intelligence opportunity will boost Block’s profitability, leading to higher earnings per share estimates for 2026 and 2027. This upgrade reflects Block’s ongoing efforts to enhance its offerings, including expanding its partner ecosystem and introducing an improved Square Register point-of-sale system.

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