Cantor Fitzgerald Opens Coverage on Block with Bullish Stance Ahead of Strong Growth Projections

Cantor Fitzgerald launched analyst coverage of Block on January 27, 2026, establishing an Overweight recommendation that signals confidence in the company’s near-term performance. The investment bank’s decision to initiate coverage on this fintech leader reflects growing institutional interest in the sector as major market players position themselves for potential gains.

As of mid-January 2026, the consensus among analysts tracking Block suggests meaningful upside potential. The average one-year price target stands at $85.88 per share, implying approximately 30.31% appreciation from the January closing price of $65.90. Analyst forecasts range conservatively from $45.45 to an ambitious $110.25, with the median reflecting cautious optimism. The projected non-GAAP earnings per share for the company comes in at 5.61, supporting the bullish case.

Analyst Price Expectations Paint Optimistic Picture

The Overweight rating from Cantor Fitzgerald aligns with the broader market sentiment embedded in price target estimates. At $85.88, the average projection represents a substantial increase from current trading levels, suggesting that institutional research sees meaningful room for expansion. This price target framework provides investors with a quantifiable benchmark for evaluating Block’s potential trajectory over the next 12 months.

Institutional Money Demonstrates Growing Confidence

Institutional support for Block remains robust, with over 1,500 funds and investment firms currently maintaining positions in the company. While this represents a net decrease of 110 institutions in the preceding quarter, the aggregate capital commitment tells a different story. The average portfolio allocation to Block among all funds stands at 0.28%, having expanded by 11.52% quarter-over-quarter. More significantly, total institutional shareholdings grew by 2.45% in the past three months, reaching approximately 469.6 million shares.

The put/call ratio of 0.62 indicates a decidedly bullish market outlook, suggesting that options traders anticipate upward price movement. This technical signal aligns with the fundamental case presented by Cantor Fitzgerald’s coverage initiation.

Major Shareholders Increase Block Stakes

The largest investors in Block have responded to recent developments by augmenting their positions. T Rowe Associates, the company’s leading institutional shareholder, holds 48.03 million shares representing 8.85% ownership. In its latest quarterly filing, the firm revealed an increase of 1.48% from its prior holding, reflecting a portfolio allocation boost of 1.99% during the period.

Index fund operators have similarly increased their exposure. The Vanguard Total Stock Market Index Fund Investor Shares maintains 17.86 million shares (3.29% ownership), up 0.87% sequentially, with a 12.54% allocation increase. The Vanguard Mid-Cap Index Fund Investor Shares holds 12.25 million shares (2.26% ownership), representing a 1.64% share count increase and 16% portfolio reallocation.

Geode Capital Management demonstrated the most aggressive positioning, raising its Block stake by 34.62% to 14.34 million shares (2.64% ownership), while expanding its portfolio commitment by 47.98%. Sands Capital Management similarly bolstered its position, acquiring additional shares for a 10.88% increase to 11.60 million shares (2.14% ownership) and increasing allocation by 14.71%.

The coordinated expansion of Block holdings across diverse institutional players—from broad-based index funds to specialized capital managers—reinforces the attractiveness of the company’s story at current valuations. This synchronized buying activity suggests that professional investors view the risk-reward profile favorably, providing additional support for Cantor Fitzgerald’s bullish coverage initiation.