[Block Releases Three-Year Growth Outlook, Stock Price Surges 8%] According to The Block, Block Inc., founded by Jack Dorsey, unveiled its three-year financial outlook during Investor Day. The company expects double-digit annual growth in gross profit, reaching $15.8 billion by 2028, and a 30% annual increase in adjusted operating profit, exceeding $4.6 billion. Additionally, it announced a new $5 billion stock buyback authorization. Driven by this news, the stock price jumped approximately 8% to $62. Analysts are optimistic about the growth of Cash App's lending business and the improvement of Square's operations, believing the stock still has over 40% upside potential in valuation.