Did Morgan Stanley change its rating on Block?

No, it maintained an Overweight rating.

What is the AlphaWise survey?

It is a proprietary Morgan Stanley survey used to gauge customer sentiment and market trends.

How many participants were in the AlphaWise survey cited by the analyst?

The survey included about 274 participants.

When was the price target for Block raised?

The raise occurred on May 29, 2026.

Morgan Stanley Raises Block Price Target to $98

Morgan Stanley analyst James Faucette raised the price target on Block (NYSE:XYZ) to $98 from $96 on May 29, 2026, while keeping an Overweight rating, based on a survey of about 274 participants.

June 4, 2026

2 min read

Source: Insider Monkey

Key Numbers

previous price target

$96

new price target

$98

survey size

274

Morgan Stanley analyst James Faucette raised the price target on Block, Inc. (NYSE:XYZ) to $98 from $96 on May 29, 2026, and maintained an Overweight rating on the shares. The revision followed Morgan Stanley's proprietary AlphaWise survey of about 274 participants.

Recommendation Change

Previously, the price target was $96 with an Overweight rating. After the adjustment, the new price target is $98, with the rating unchanged.

Analyst's Rationale

Faucette cited positive signals from the AlphaWise survey, indicating increased usage of Block's platform, which supports revenue growth expectations. No further details on the survey components were provided.

Context

Block shares are currently among the 15 Most Promising Stocks to Buy Right Now according to Insider Monkey. No other analysts have issued similar updates recently. The stock has experienced volatility in recent months.

What to Make of It

The price target increase reflects analyst confidence in Block's prospects, but investors should note that ratings do not guarantee immediate stock performance.

Frequently Asked Questions

The new price target is $98, up from $96.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.