Block (NYSE:XYZ) Price Target Raised to $95.00

Block (NYSE:XYZ) had its price objective boosted by Royal Bank Of Canada from $93.00 to $95.00 in a report released on Thursday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Several other analysts also recently issued reports on the stock. Weiss Ratings raised shares of Block from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. UBS Group increased their price target on Block from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday. BMO Capital Markets raised their price target on Block from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. KeyCorp boosted their price objective on Block from $105.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Piper Sandler upped their price objective on Block from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $93.88.

Block Trading Up 0.0%

Shares of XYZ opened at $79.05 on Thursday. The company’s fifty day simple moving average is $76.71 and its 200-day simple moving average is $68.03. The company has a market cap of $47.05 billion, a P/E ratio of 141.16, a P/E/G ratio of 0.95 and a beta of 2.53. The company has a current ratio of 2.21, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. Block has a twelve month low of $48.21 and a twelve month high of $86.75.

Block (NYSE:XYZ) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping 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 firm had revenue of $6.62 billion during the quarter. During the same period in the prior year, the firm posted $0.62 earnings per share. Block’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, analysts expect that Block will post 2.48 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Amrita Ahuja sold 8,971 shares of Block stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $85.85, for a total transaction of $770,160.35. Following the completion of the sale, the chief financial officer owned 454,275 shares of the company’s stock, valued at approximately $38,999,508.75. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 43,348 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total value of $3,467,840.00. Following the completion of the sale, the insider owned 557,654 shares of the company’s stock, valued at $44,612,320. The trade was a 7.21% decrease in their position. 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 441,179 shares of company stock worth $34,543,835 in the last three months. Corporate insiders own 11.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Block during the 2nd quarter valued at $621,703,000. Capital World Investors lifted its holdings in shares of Block by 41.8% in the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock worth $1,042,966,000 after buying an additional 4,727,217 shares during the period. Geode Capital Management LLC grew its position in shares of Block by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock worth $934,121,000 after buying an additional 67,560 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of Block during the 2nd quarter worth $535,305,000. Finally, Norges Bank purchased a new position in shares of Block during the fourth quarter valued at $484,387,000. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

Key Block News

Here are the key news stories impacting Block this week:

• Positive Sentiment: Quarterly results exceeded expectations. Block reported second-quarter EPS of $1.02, well above estimates of $0.48–$0.86 and up from $0.62 a year earlier. Revenue increased 9.3% year over year to $6.62 billion, with Cash App and Square contributing to the performance. Block Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised its outlook. Block guided to third-quarter EPS of $1.02 versus the $0.93 consensus and fiscal 2026 EPS of $4.02 versus expectations of $3.62. Management also cited 25% gross-profit growth, record margins and improving momentum from AI-focused products. Block Q2 Earnings Call Highlights
• Positive Sentiment: Analysts became more bullish. Monness Crespi & Hardt raised its price target from $115 to $125 and initiated a “buy” rating. TD Cowen raised its target to $105, while RBC, Keefe, Bruyette & Woods, Susquehanna and Needham also increased targets, generally maintaining positive ratings.
• Positive Sentiment: Options activity suggested increased bullish interest. Investors bought 42,107 call options, approximately 55% above average daily call volume. This indicates heightened speculative interest, though it does not guarantee continued gains.
• Neutral Sentiment: Block’s AI and cost-reduction strategy is gaining investor attention. The company’s workforce reductions and greater emphasis on artificial intelligence appear to be supporting efficiency and profitability, but investors will want evidence that growth remains durable.
• Negative Sentiment: Insiders sold shares. Director Anthony Mathew Eisen sold 47,000 shares for approximately $4.0 million across two transactions, and Brian Grassadonia sold 25,908 shares for about $2.1 million. The sales were executed under pre-arranged Rule 10b5-1 plans, reducing their significance, but repeated insider selling may weigh on sentiment.
• Negative Sentiment: Valuation leaves limited room for disappointment. With Block trading near its 52-week high and at an elevated earnings multiple, the stock may remain sensitive to any slowdown in Cash App, Square or AI-related profitability.

About Block

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.