Block releases a three-year strategic blueprint, with stock price rising 8% in a single day.

Golden Finance reports that Block, the fintech company led by Jack Dorsey, released a significant outlook at its Investor Day on Wednesday, announcing a clear rise path through 2028. The company expects annual gross profit to maintain mid-teens growth, reaching approximately $15.8 billion by 2028, with adjusted earnings per share projected to increase by a low 30% annually. At the same time, Block significantly expanded its capital return plan, adding a $5 billion stock buyback authorization, along with the remaining $1.1 billion from September, bringing the total buyback scale to $6.1 billion. This positive news drove the company's stock price up about 8% after the announcement, reaching $62. William Blair analysts point out that as consumers rapidly shift to instant lending tools, Block's current valuation is still undervalued, with more than 40% rise potential.