Block Stock Today, November 23, 2025: Price, $5 Billion Buyback, Analyst Targets and Bitcoin Ambitions

As of Sunday, November 23, 2025, Block, Inc. (NYSE: XYZ, formerly SQ) is back in Wall Street’s spotlight after a bruising earnings sell‑off, a market‑pleasing Investor Day, a fresh $5 billion share‑repurchase boost, and a wave of bullish analyst calls and media commentary. ^[1]

Below is a detailed look at where Block stock stands today, what actually changed this week, and how the latest news flow on November 23 could shape sentiment in the days ahead.

Block stock price today and recent performance

U.S. markets are closed today (Sunday), so the latest tradable snapshot for Block comes from Friday’s close and recent real‑time data from global platforms:

Last trading price: Block is trading around $61.9–$62.0 per share. MarketBeat lists Friday’s close at $61.88, with after‑hours trading at $62.20. ^[2]
Real‑time quote: Investing.com shows Block at $61.95 with an intraday range of $59.57–$62.95 and a 52‑week range of $44.27–$99.26. ^[3]
Year‑to‑date performance: Block started 2025 at $88.46 and is now near $61.88, leaving the stock about 30% lower year to date. ^[4]
Valuation snapshot:
- Market cap: ~$37.6 billion
- Trailing P/E ratio: ~12.5x
- PEG ratio: ~3.3
- Beta: ~2.7 (high volatility)
- Debt‑to‑equity: 0.25; current and quick ratios around 2.18, signaling a solid liquidity position. ^[5]

Taken together, Block is trading closer to the low end of its 52‑week range and well below its early‑year price, but at an earnings multiple that many analysts now consider undemanding for a high‑growth fintech platform.

What set the stage: Q3 2025 earnings shock, then an Investor Day reset

Q3 2025: Mixed fundamentals, harsh market reaction

Block’s third‑quarter 2025 results, released on November 6, sparked the first major leg of this month’s volatility:

Revenue: About $6.11 billion, up 2.3% year over year but below analyst expectations around $6.3+ billion. ^[6]
Profitability:
- GAAP net income: $461.5 million, or $0.74 per share. ^[7]
- Adjusted EPS: $0.54, lower than many models that were looking for roughly $0.63 and also down from $0.88 a year earlier. ^[8]
Gross profit: Around $2.66 billion, up 18% year over year – the main bright spot. Cash App gross profit jumped 24%, while Square (the merchant segment) grew 9%. ^[9]
BNPL (Afterpay) and lending: Buy Now, Pay Later gross merchandise volume reached about $9.7 billion, with BNPL gross profit of roughly $299 million, both up in the high‑teens to low‑20s percent range. ^[10]

Despite the healthy gross‑profit growth, revenue and margin shortfalls dominated the reaction. Multiple outlets reported that the stock fell roughly 9–10% following the release, with shares trading near the mid‑$60s in the immediate aftermath. ^[11]

Analysts and commentators flagged:

Slower‑than‑hoped top‑line growth
Higher operating expenses (including a sizeable increase in general and administrative costs)
Ongoing competitive and macroeconomic pressures in payments and consumer spending ^[12]

Investor Day 2025: A $5B buyback and a path to ~$16B gross profit by 2028

On November 19, 2025, Block hosted its Investor Day 2025 in San Francisco, sharing a multi‑year roadmap that effectively reset the narrative. ^[13]

Key announcements and targets:

Massive buyback expansion:
- Block increased its share‑repurchase authorization by $5.0 billion, on top of roughly $1.1 billion remaining from a previous program – giving the company about $6.1 billion in total buyback capacity. ^[14]
Ambitious profit roadmap:
- Management guided to mid‑teens annual gross‑profit growth, targeting around $11.98 billion in gross profit for 2026 (about 17% growth) and roughly $15.8–16 billion by 2028. ^[15]
Strategic focus: integrating Cash App and Square, accelerating product launches, and leaning heavily on automation and AI. Internal tools such as a “managerbot” were highlighted as part of a push toward a more autonomous, software‑driven operating model. ^[16]

The market liked what it heard. Coverage from CNBC, Proactive Investors and others noted that shares rose roughly 7–9% in the days around Investor Day as investors digested the new growth targets and buyback plan. ^[17]

In other words: within two weeks, the story swung from “earnings miss and margin worries” to “multi‑year growth and aggressive capital return.”

Today’s Block stock news – November 23, 2025

Sunday’s news flow doesn’t change the fundamentals overnight, but it reinforces the bullish turn that began with Investor Day. Here are the key items from November 23, 2025.

1. New price targets and ratings pushes

A cluster of fresh research notes highlighted on MarketBeat and AmericanBankingNews hit the tape today: ^[18]

Mizuho:
- Raises its price target to $100 and keeps an “Outperform” rating, signaling meaningful upside from the low‑$60s. ^[19]
Bank of America:
- Lifts its target to $88 with a “Buy” rating, pointing to deeper conviction after reviewing the Investor Day materials and Block’s plan to link Cash App and Square more tightly. ^[20]
Stephens, BTIG, and Royal Bank of Canada:
- Reiterate bullish calls – Overweight/Buy/Outperform – with targets mostly in the $90–$95 range, reinforcing the idea that many on the Street see the post‑earnings sell‑off as overdone. ^[21]
Morgan Stanley:
- Nudges its target from $71 to $72 but maintains an “Equal Weight” stance, underscoring that not everyone is ready to move into outright bull camp yet. ^[22]
William Blair:
- Cuts 2026 EPS estimates (e.g., trimming full‑year EPS to about $1.70) and warns on nearer‑term profitability, adding a note of caution amid the optimism. ^[23]

Across data aggregators, Block still carries a “Moderate Buy” consensus with an average 12‑month price target in the low‑to‑mid‑$80s, implying substantial upside from current levels. High targets run up to $100–$105, while the lowest sit near $50, reflecting the stock’s polarizing risk‑reward profile. ^[24]

2. Cramer and commentators lean into the bullish narrative

A widely shared piece on CoinCentral today focuses on Jim Cramer’s change of tone on Block: ^[25]

Cramer recently described Block as “a real profitable business”, highlighting its ability to generate growing gross profit and pointing to the newly announced buyback as a vote of confidence from management.
CoinCentral notes that Block rebounded about 8% after this commentary, in tandem with the wave of fresh Buy ratings and price‑target hikes.

For a stock that has been hammered in previous years and even earlier this month, a public U‑turn from a high‑profile TV host helps amplify the sentiment shift already underway on Wall Street.

3. Bitcoin ecosystem and the “everyday money” vision

Two strands of today’s coverage focus on Block’s Bitcoin strategy and its long‑stated ambition to help make Bitcoin usable as everyday money:

AInvest feature (today):
A new article frames Block’s Bitcoin ecosystem – spanning Cash App, merchant tools via Square, and the Bitkey hardware wallet – as a potential strategic revenue driver if regulatory clarity improves and mainstream adoption continues. The piece highlights Block’s investment in automation tools and cites Jack Dorsey’s Investor Day remarks about building a “fully autonomous economic platform,” including internal systems like “managerbot” to drive efficiency. ^[26]
Yahoo Finance / broader coverage:
Another article today asks “Will Block succeed in its mission to turn Bitcoin into everyday money?”, revisiting Dorsey’s long‑term thesis that Bitcoin can serve as the native currency of the internet, with Block positioned as a key on‑ramp through Cash App and merchant acceptance. ^[27]

These pieces don’t change near‑term earnings, but they remind investors that crypto and Bitcoin remain core to Block’s long‑term identity, even as the company stresses that most of its gross profit is driven by more traditional payments and financial services today.

4. Institutional buying: Julius Baer and Neo Ivy step in

Two new 13F‑style stories on MarketBeat, both dated November 23, 2025, underscore that institutional investors have been building positions in Block: ^[28]

Bank Julius Baer & Co. Ltd Zurich
- Opened a new Q2 position of 11,505 Block shares, worth about $782,000 at the time of filing.
Neo Ivy Capital Management
- Disclosed a new stake of 6,345 shares, valued around $431,000.

Both pieces also note that roughly 70.4% of Block’s stock is now held by institutional investors and hedge funds, with large positions at firms like Vanguard, Geode, ARK, Sumitomo Mitsui and the Swiss National Bank. ^[29]

The same reports reiterate that:

Block delivered $0.54 EPS versus one widely used consensus of $0.25 (reflecting differing analyst methodologies),
The company’s P/E multiple is around 12.5x,
Insiders have sold about 61,000 shares (≈$4.8 million) over the last quarter, and still own just under 11% of the company. ^[30]

How analysts view Block after Q3 and Investor Day

Putting all of this together, the Street’s view of Block going into the final weeks of 2025 can be summarized as follows:

Bullish arguments

Strong gross‑profit engine despite revenue disappointment
- Gross profit grew 18%, with Cash App up 24% and Square up 9% in Q3 – evidence that the core franchises are still expanding even as total revenue grew only low single digits. ^[31]
Clear multi‑year financial roadmap
- Targets of roughly $12B in gross profit by 2026 and around $15.8–16B by 2028, implying double‑digit compound growth, give investors a framework to model future earnings and free cash flow. ^[32]
Capital return via a large buyback
- With a $5B top‑up to its repurchase program and about $6.1B total authorized, Block has flexibility to retire a meaningful chunk of its market cap, especially at depressed prices. ^[33]
Valuation reset
- After the Q3 sell‑off, Block trades around 12–13x trailing earnings, below many large‑cap payment peers, even as analysts see average upside of 35–40% to consensus price targets in the mid‑$80s. ^[34]
S&P 500 inclusion and scale advantages
- Block joined the S&P 500 in July 2025 and now processes hundreds of billions of dollars in annual payments, serving around 57 million consumers and 4 million sellers globally. ^[35] This scale can reinforce network effects across Square, Cash App, Afterpay and other properties.

Bearish and cautious points

Sluggish revenue and rising expenses
- Low single‑digit revenue growth and higher operating costs (including a large one‑off G&A jump) have raised questions about Block’s ability to grow quickly and maintain margins. ^[36]
Near‑term EPS pressure
- William Blair’s cuts to 2026 EPS estimates and similar caution from other analysts show concern that earnings could lag the new gross‑profit targets, especially if macro conditions soften or investment spending remains elevated. ^[37]
Execution risk on the 3‑year plan
- Hitting a $16B gross‑profit target by 2028 requires sustained double‑digit growth, better integration of Cash App and Square, and effective deployment of automation/AI – all while competing with PayPal, Stripe, traditional banks and newer fintechs. ^[38]
Bitcoin and regulatory exposure
- Block’s Bitcoin ecosystem (trading, custody, and infrastructure) is a potential differentiator but also exposes it to crypto volatility and regulatory risk. Recent coverage emphasizes that navigating fragmented rules across jurisdictions is still a major challenge. ^[39]
High volatility and sentiment swings
- With a beta near 2.7, Block’s stock has historically moved more than twice as much as the broader market, both to the upside and downside. Headlines around earnings, Bitcoin, or macro data can quickly amplify moves. ^[40]

Business fundamentals: what’s driving Block under the hood?

At a high level, Block today is a multi‑platform fintech built around:

Square – merchant acquiring, point‑of‑sale hardware and software, banking tools, and larger‑merchant capabilities across several geographies.
Cash App – a consumer‑facing wallet that handles P2P payments, direct deposit, debit card spend, investing (stocks and Bitcoin) and lending features like Cash App Borrow.
Afterpay – BNPL services now increasingly woven into both Cash App and merchant flows.
Bitcoin ecosystem – including Cash App trading, the Bitkey hardware wallet initiative, and infrastructure projects aimed at scaling Bitcoin payments. ^[41]

Recent filings and the Q3 shareholder letter show:

Cash App is now the largest contributor to gross profit, driven by higher inflows per active user, more customers using it as a primary banking relationship, and strong adoption of Cash App Card and Borrow features. ^[42]
Square is seeing double‑digit growth in gross payment volume, particularly in categories like food and beverage and among larger merchants, with software and integrated payments helping expand margins. ^[43]
BNPL continues to grow, but at more moderate rates than during the 2020–2021 boom, as regulators scrutinize the space and consumer credit normalizes. ^[44]

The Investor Day roadmap effectively tells investors: “This is now a scaled, profitable ecosystem, not just a high‑growth story.” That’s the shift Cramer and several analysts are pointing to in today’s commentary.

Key risks and what to watch next

Looking ahead from November 23, investors watching Block are likely to focus on a few practical checkpoints:

Execution vs. the 3‑year financial targets
- Quarterly results will be judged against the gross‑profit growth path toward ~$16B by 2028, and against implied operating‑margin and free‑cash‑flow improvements. ^[45]
Evidence that Cash App + Square integration is working
- Data points like cross‑sell between merchants and Cash App users, larger merchant wins, and new product launches (such as the Cash App Score pilot announced around Investor Day) will serve as proof of concept. ^[46]
Capital‑allocation discipline
- With a $6.1B buyback war chest, investors will monitor how aggressively Block repurchases shares, and whether buybacks are timed to periods of share‑price weakness or simply smoothed out over time. ^[47]
Macro sensitivity and consumer health
- As a payments and BNPL provider, Block is exposed to consumer spending trends and credit quality. Reuters previously highlighted sharp reactions in the stock when guidance reset lower or higher earlier in 2025. ^[48]
Regulation and crypto volatility
- Any changes in U.S. or international rules on crypto, payments, and data – or large BTC price moves – can materially affect parts of Block’s business and sentiment toward the stock. ^[49]

Bottom line on Block stock today (November 23, 2025)

Block enters the last stretch of 2025 as a high‑beta turnaround story inside a profitable fintech platform:

The stock is down roughly 30% year to date, but recent Investor Day announcements, a $5B buyback, and stronger long‑term guidance have stabilized sentiment after a sharp earnings‑related drop. ^[50]
Today’s news flow – new price targets up to $100, reiterated Buy/Outperform calls, positive commentary from Jim Cramer, bullish pieces on Block’s Bitcoin ecosystem, and disclosures of fresh institutional stakes – largely reinforces a constructive narrative. ^[51]
At the same time, slower revenue growth, higher costs, and cautious EPS revisions remind investors that executing on a multi‑year plan will require consistent delivery, not just headlines. ^[52]

For readers and investors, Block stock today is best thought of as a volatile, but increasingly cash‑generative fintech platform whose valuation has compressed just as management is leaning into buybacks and long‑term growth targets.

This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any security. Always do your own research or consult a licensed financial adviser before making investment decisions.

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