Block stock price has rebounded in the past few months, moving from a low of $48 in September to $70.75 today. XYZ has formed a highly bullish pattern as investors await upcoming financial results.
Block to Publish Financial Results After Layoffs
Jack Dorsey’s Block, which owns brands like Square and Cash App, is in a strong upward trend after management announced layoffs of 6,000 employees. It did so to boost its profits and efficiency, with some tasks replaced by artificial intelligence (AI) tools.
Therefore, the upcoming results will provide more color on the impact of these layoffs on its operations. While it is too early to predict, analysts expect that the layoffs will lead to higher margins.
The most recent numbers showed that its business generated over $10.3 billion in gross profit in 2025, up sharply from $8.9 billion in 2024. Most of this business came from Cash App, followed by Square. Cash App ended the quarter with over 59 million users, with its banking operations growing by 22%.
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Wall Street analysts expect the upcoming numbers to show that its revenue rose modestly in the first quarter to $6 billion, while its guidance for the year will be $26.2 billion. It is expected to make $29.2 billion next year.
The double-digit growth rates are partly because of the ongoing crypto winter, which has affected its Bitcoin business. At the same time, AfterPay, the Buy Now Pay Later (BNPL) business it bought a few years ago has disappointed, amid competition from Klarna and Affirm.
Block’s business has come under pressure in the past few years as competition from the likes of Stripe, Klarna, and Affirm have affected its checkout business. Also, the company is at risk of disruption from stablecoins, which are known for extremely low transaction costs.
Another risk is that it has become overvalued, with a forward price-to-earnings ratio of 20, above the sector median of 10.
Block Stock Price Technical Analysis
The daily timeframe chart shows that the XYZ stock price has rebounded in the past few months, moving from a low of $48.2 in February to $70 today.
A closer look shows that the Block stock is about to form a golden cross pattern as the spread between the 50-day and 200-day moving averages narrows.
It has also formed an inverted head-and-shoulders pattern, a common bullish continuation sign in technical analysis.
Therefore, the stock will likely rebound sharply after the company publishes its financial results later on Thursday. If this happens, the next key target to watch will be at $75.15, its highest point in April. A move above that level will signal further gains, potentially to $82, its highest point last year.
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