Brokerages Set Block, Inc. (NYSE:XYZ) Target Price at $95.42

Shares of Block, Inc. (NYSE:XYZ) have received an average rating of “Moderate Buy” from the forty-two analysts that are currently covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation, twenty-nine have assigned a buy recommendation and four have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $95.4242.

A number of equities analysts recently commented on the stock. UBS Group boosted their price objective on shares of Block from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Susquehanna increased their target price on Block from $90.00 to $100.00 and gave the company a “positive” rating in a research report on Thursday, August 6th. Robert W. Baird set a $105.00 price target on Block in a report on Thursday, August 6th. William Blair lowered Block to a “market perform” rating in a research report on Tuesday, June 30th. Finally, Zacks Research cut Block from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th.

Block Stock Up 2.1%

NYSE:XYZ opened at $77.90 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. Block has a 1-year low of $48.21 and a 1-year high of $86.92. The company has a 50-day moving average of $80.57 and a 200 day moving average of $73.03. The firm has a market cap of $46.80 billion, a PE ratio of 139.11, a price-to-earnings-growth ratio of 0.80 and a beta of 2.52.

Block (NYSE:XYZ) last posted its earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The business had revenue of $6.62 billion for the quarter. During the same period last year, the business posted $0.62 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, research analysts anticipate that Block will post 2.74 EPS for the current fiscal year.

Insider Buying and Selling at Block

In other Block news, CFO Amrita Ahuja sold 9,511 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $82.43, for a total value of $783,991.73. Following the completion of the transaction, the chief financial officer directly owned 423,262 shares in the company, valued at approximately $34,889,486.66. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 43,348 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the completion of the sale, the insider owned 557,654 shares in the company, valued at $44,612,320. This represents a 7.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 369,913 shares of company stock worth $29,903,306 over the last quarter. Insiders own 11.37% of the company’s stock.

Institutional Investors Weigh In On Block

Several institutional investors have recently added to or reduced their stakes in the business. Elevation Wealth Partners LLC raised its position in shares of Block by 301.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after purchasing an additional 292 shares during the last quarter. Global Assets Advisory LLC acquired a new position in Block during the 1st quarter valued at approximately $31,000. Cary Street Partners Investment Advisory LLC increased its stake in Block by 57.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after purchasing an additional 223 shares in the last quarter. Osbon Capital Management LLC purchased a new position in shares of Block in the fourth quarter worth $43,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Block by 33.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock worth $46,000 after buying an additional 179 shares during the period. Institutional investors and hedge funds own 70.44% of the company’s stock.

Block Company Profile

Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.

Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.

Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.