Block Inc To Hit 'Rule Of 40' By 2026 Despite $70 Million Party, Says JPMorgan
1. JPMorgan analyst reaffirms Overweight rating for Block with $100 target. 2. Cash App's gross profit surged 24% year-over-year, driving user growth. 3. Square's performance slowed, but overall ecosystem momentum remains positive. 4. A $70 million company event impacted profitability but prospects are improving. 5. Analysts believe Block can achieve profitability by 2026 with current trends.