Baird’s Bullish Stance on Block

Baird has increased its price target for Block to $106 from the previous $105, maintaining an ‘Outperform’ rating. The firm has also classified Block as a “Bullish Fresh Pick,” demonstrating a strong confidence in the stock as the company approaches its third-quarter earnings report.

The upcoming earnings for Block are anticipated to reveal earnings per share (EPS) around $1.02 on a revenue estimate of approximately $6.6 billion, based on data compiled by Koyfin. The earnings announcement is scheduled for November 3, after market hours.

In pre-market trading, Block’s shares saw a rise of about 1%, reflecting a positive sentiment among retail investors on platforms like Stocktwits, where sentiment was noted to be in the ‘bullish’ range.

Piper Sandler Adjusts Coinbase Target

Piper Sandler has raised its price target for Coinbase from $146 to $170 but has opted to maintain a ‘Neutral’ rating for the shares. The firm has also revised its earnings-per-share estimates for 2026 and 2027 ahead of Coinbase’s forthcoming earnings release.

While the exact date for Coinbase’s third-quarter earnings report has not been disclosed, analysts are projecting a loss of $0.22 per share on expected revenues of $1.17 billion. In pre-market trading, Coinbase’s stock climbed by approximately 2.88%, driven by a broader rally in Bitcoin.

Despite the stock price increase, sentiment around Coinbase remained predominantly ‘bearish’ among retail investors, per Stocktwits data.

Citi’s Significant Target Increase for Strategy

Citi has made substantial adjustments to its price target for Strategy, boosting it from $136 to $240 while reaffirming a ‘Buy’ rating. This drastic increase is attributed to a noteworthy revision of its Bitcoin price forecasts, with the 12-month base-case forecast rising by 39% to $113,000.

Strategy’s stock experienced a pre-market increase of 2.8% as investor sentiment around the Bitcoin-focused company remained neutral.