Block (NYSE:XYZ) Stock Price Expected to Rise, Truist Financial Analyst Says

Block (NYSE:XYZ) had its price target upped by research analysts at Truist Financial from $82.00 to $93.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Truist Financial’s target price points to a potential upside of 21.35% from the company’s previous close.

XYZ has been the subject of a number of other research reports. Jefferies Financial Group started coverage on Block in a research report on Tuesday, June 30th. They set a “hold” rating for the company. Cantor Fitzgerald increased their target price on shares of Block from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday. Weiss Ratings upgraded shares of Block from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Robert W. Baird raised their price objective on Block from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, July 2nd. Finally, Keefe, Bruyette & Woods lifted their target price on Block from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Block presently has an average rating of “Moderate Buy” and an average price target of $89.84.

Block Stock Performance

Shares of Block stock opened at $76.64 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a market cap of $45.61 billion, a price-to-earnings ratio of 59.87, a price-to-earnings-growth ratio of 0.98 and a beta of 2.54. The stock’s 50-day moving average is $74.30 and its 200-day moving average is $67.00. Block has a one year low of $48.21 and a one year high of $84.08.

Block (NYSE:XYZ) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The business had revenue of $6.06 billion during the quarter. During the same quarter in the previous year, the business posted $0.56 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Equities analysts predict that Block will post 2.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Block news, CFO Amrita Ahuja sold 8,093 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $75.00, for a total value of $606,975.00. Following the completion of the sale, the chief financial officer owned 463,246 shares in the company, valued at $34,743,450. This trade represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 135,750 shares of Block stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the completion of the transaction, the director directly owned 2,032,990 shares of the company’s stock, valued at approximately $156,153,961.90. This trade represents a 6.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 323,300 shares of company stock worth $24,742,756. Insiders own 11.37% of the company’s stock.

Institutional Investors Weigh In On Block

Hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC lifted its holdings in shares of Block by 57.1% during the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after purchasing an additional 161 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Block by 33.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock valued at $46,000 after purchasing an additional 179 shares during the period. Merit Financial Group LLC increased its holdings in Block by 3.7% in the fourth quarter. Merit Financial Group LLC now owns 5,270 shares of the technology company’s stock valued at $343,000 after purchasing an additional 188 shares during the period. Avior Wealth Management LLC increased its holdings in Block by 3.3% in the second quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company’s stock valued at $462,000 after purchasing an additional 193 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Block by 33.3% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 800 shares of the technology company’s stock worth $58,000 after purchasing an additional 200 shares during the last quarter. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Block Company Profile

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.