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StocksMediumUpdated•Originally published 9 May 2026•Updated 9 May 2026•

1 min read

Block Upgraded on Strong Cash App Growth and AI-Driven Restructuring

Key Facts

1Block beat on non-GAAP EPS and revenue in Q1, with adjusted EBITDA crossing $1B for the first time.

2Cash App primary banking actives grew 18% YoY to 9.7M, with inflows per active rising 10%.

26 days ago

Version History

Version 126 days ago

What changed: Updated the story to include specific 2026 financial targets and the new strategic partnership with Uber.

Block Inc. received a stock rating upgrade to 'Buy' following robust earnings and the announcement of ambitious 2026 targets, including 19% profit growth and a 62% surge in adjusted EPS. The company reached a milestone with adjusted EBITDA crossing $1 billion, supported by an 18% year-over-year increase in Cash App's primary banking actives. To further accelerate user acquisition, Block has entered into a new strategic partnership with Uber. While restructuring costs impacted net results, analysts remain optimistic about CEO Jack Dorsey’s focus on AI integration and operational discipline. With inflows per active user rising by 10%, the upgrade reflects confidence in Block's evolving ecosystem and its ability to hit aggressive long-term financial goals.