Analysts Raise Price Targets on Block, Coinbase, and Strategy Ahead of Earnings Reports

Wall Street analysts have raised their price targets on several stocks ahead of key earnings reports. Baird has increased its target for Block (XYZ) to $106, maintaining an 'Outperform' rating and designating it a 'Bullish Fresh Pick'. The firm expects Block's third-quarter earnings to come in at around $1.02 per share on revenue of $6.6 billion.

The move follows Baird's decision to raise its price target for Coinbase (COIN) to $170 from $146, while maintaining a 'Neutral' rating. Piper Sandler also increased its 2026 and 2027 earnings-per-share estimates for Coinbase.

Citi has made the largest target increase among the three stocks, more than doubling its price target on Strategy (MSTR) to $240 from $136, citing revised Bitcoin forecasts. The firm now expects Bitcoin's price to reach $113,000 in 12 months, up 39% from its previous forecast.