Block (NYSE:XYZ) Given New $93.00 Price Target at Royal Bank Of Canada

Block (NYSE:XYZ) had its price objective increased by Royal Bank Of Canada from $90.00 to $93.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

A number of other brokerages have also recently weighed in on XYZ. Keefe, Bruyette & Woods increased their target price on shares of Block from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday. Oppenheimer reaffirmed an “outperform” rating and issued a $91.00 price objective on shares of Block in a report on Friday. Truist Financial increased their target price on shares of Block from $77.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, April 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of Block in a research report on Friday. Finally, Rothschild & Co Redburn upgraded shares of Block from a “sell” rating to a “neutral” rating and raised their price objective for the company from $45.00 to $55.00 in a research report on Wednesday, March 18th. Four research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell 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 $84.51.

Block Price Performance

Shares of XYZ stock opened at $74.86 on Friday. The company has a market capitalization of $44.85 billion, a PE ratio of 58.48, a price-to-earnings-growth ratio of 1.02 and a beta of 2.57. The firm has a fifty day simple moving average of $63.99 and a 200-day simple moving average of $64.19. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26. Block has a twelve month low of $48.21 and a twelve month high of $82.50.

Block (NYSE:XYZ) last issued its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.55. The business had revenue of $6.06 billion for the quarter. Block had a net margin of 3.30% and a return on equity of 6.97%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 EPS. 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 research analysts anticipate that Block will post 2.22 earnings per share for the current fiscal year.

Insider Activity

In other Block news, insider Owen Britton Jennings sold 3,555 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $63.41, for a total value of $225,422.55. Following the completion of the transaction, the insider directly owned 231,262 shares in the company, valued at $14,664,323.42. This trade represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Amrita Ahuja sold 30,919 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $75.00, for a total transaction of $2,318,925.00. Following the completion of the transaction, the chief financial officer owned 500,816 shares of the company’s stock, valued at approximately $37,561,200. The trade was a 5.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 49,725 shares of company stock valued at $3,401,393. Corporate insiders own 11.37% of the company’s stock.

Institutional Trading of Block

A number of hedge funds have recently made changes to their positions in XYZ. Vanguard Group Inc. lifted its position in shares of Block by 23.1% in the third quarter. Vanguard Group Inc. now owns 67,626,485 shares of the technology company’s stock worth $4,887,366,000 after purchasing an additional 12,709,824 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Block in the second quarter worth approximately $535,305,000. Norges Bank purchased a new stake in shares of Block in the fourth quarter worth approximately $484,387,000. Capital World Investors lifted its position in shares of Block by 192.7% in the third quarter. Capital World Investors now owns 11,296,224 shares of the technology company’s stock worth $816,378,000 after purchasing an additional 7,436,380 shares in the last quarter. Finally, Viking Global Investors LP purchased a new stake in shares of Block in the second quarter worth approximately $368,213,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

Block News Summary

Here are the key news stories impacting Block this week:

• Positive Sentiment: Block reported Q1 EPS of $0.85, well above estimates, while revenue came in at $6.06 billion and gross profit growth remained resilient across Cash App and Square. Block (XYZ) Q1 Earnings Surpass Estimates
• Positive Sentiment: Management raised 2026 guidance, with full-year EPS now expected at $3.85 and Q2 EPS guidance also above Wall Street expectations, reinforcing confidence in the company’s outlook. Block Lifts Guidance on Higher Payment Volumes, Boom in Lending
• Positive Sentiment: Several analysts turned more upbeat after the report, including Citigroup, RBC, KBW, Needham, and BTIG, with multiple firms raising price targets and reiterating buy/outperform ratings. Analyst price target updates on Block
• Neutral Sentiment: Some investors may note that one analyst, Piper Sandler, kept an underweight rating even while raising its price target, indicating there is still some debate over how much upside remains. Piper Sandler price target update on Block

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.