Block, Inc. (NYSE:XYZ) Stock Has Consensus Price Target of $95.45 According to Analysts

Block, Inc. (NYSE:XYZ) has been assigned an average rating of “Moderate Buy” from the forty-two research firms that are presently covering the company, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation, twenty-nine have issued a buy recommendation and four have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $95.39.

A number of research firms recently weighed in on XYZ. Argus upped their price target on Block from $86.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Canaccord Genuity Group increased their price target on Block from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Needham & Company LLC raised their price objective on Block from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada boosted their price objective on Block from $93.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, Jefferies Financial Group began coverage on Block in a research report on Tuesday, June 30th. They set a “hold” rating on the stock.

Block Stock Down 2.4%

XYZ traded down $1.95 during midday trading on Friday, hitting $77.88. The company had a trading volume of 4,985,917 shares, compared to its average volume of 4,612,967. Block has a 52 week low of $48.21 and a 52 week high of $86.92. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $46.79 billion, a price-to-earnings ratio of 139.07, a PEG ratio of 0.83 and a beta of 2.55. The stock’s 50 day moving average price is $78.77 and its 200 day moving average price is $74.88.

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

Insider Transactions at Block

In other Block news, Director Anthony Eisen sold 6,000 shares of the business’s stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $75.70, for a total transaction of $454,200.00. Following the completion of the sale, the director owned 1,272,672 shares in the company, valued at approximately $96,341,270.40. The trade was a 0.47% decrease in their position. 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. Over the last three months, insiders have sold 302,565 shares of company stock valued at $24,391,386. Company insiders own 11.37% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Block during the second quarter worth about $621,703,000. Contour Asset Management LLC lifted its position in Block by 30.4% in the 4th quarter. Contour Asset Management LLC now owns 4,666,891 shares of the technology company’s stock valued at $303,768,000 after acquiring an additional 1,088,299 shares in the last quarter. Hyperion Asset Management Ltd boosted its stake in Block by 6.9% during the 2nd quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company’s stock valued at $203,897,000 after purchasing an additional 172,848 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Block by 528.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock valued at $199,153,000 after purchasing an additional 2,782,523 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Block by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company’s stock valued at $189,353,000 after purchasing an additional 39,112 shares during the last quarter. 70.44% of the stock is owned by institutional investors.

About Block

Block, Inc (NYSE:XYZ), formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business.

Block’s Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants.