BUZZ-Block shares rise after raising annual profit forecast

November 3 - ** Payment company Block (XYZ.N) saw its share price rise by 8.7% to $82.4 in after-hours trading after raising its full-year gross profit forecast

** Block now expects its 2026 gross profit to reach $12.63 billion, a year-on-year increase of 22%, up from its previous forecast of $12.51 billion

** Of 48 brokerages, 39 rate the stock as “Buy” or higher, while 9 rate it as “Hold”; the median price target is $97

** As of the close of the previous trading day, Block had gained 16.7% so far this year

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