Block rises after lifting annual profit forecast

By Reuters News

** Shares of Block XYZ.N jump 8.7% to $82.4 in after-hours trading after the payments firm raised its full-year gross profit outlook

** Block now expects gross profit of $12.63 bln for 2026, representing 22% growth, compared with its prior forecast of $12.51 bln

** 39 of 48 brokerages rate the stock "buy" or higher, nine "hold"; their median PT is $97

** As of last close, Block up 16.7% YTD

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