Block (NYSE:XYZ) Price Target Raised to $109.00

Block (NYSE:XYZ) had its target price hoisted by equities researchers at TD Cowen from $105.00 to $109.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. TD Cowen‘s price objective suggests a potential upside of 23.82% from the stock’s previous close.

A number of other research firms have also commented on XYZ. Monness Crespi & Hardt lifted their price objective on shares of Block from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Clear Str upgraded shares of Block to a “hold” rating in a research note on Thursday, July 16th. Scotiabank started coverage on Block in a report on Wednesday, September 2nd. They set a “sector perform” rating and a $82.00 price target on the stock. BMO Capital Markets restated a “hold” rating on shares of Block in a research report on Tuesday. Finally, Wolfe Research upped their price objective on Block from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $97.58.

Block Stock Performance

Shares of XYZ traded up $12.03 during mid-day trading on Wednesday, reaching $88.03. 12,744,157 shares of the company’s stock were exchanged, compared to its average volume of 6,153,957. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a market capitalization of $52.89 billion, a PE ratio of 157.10, a price-to-earnings-growth ratio of 0.81 and a beta of 2.58. The business’s fifty day simple moving average is $77.79 and its 200-day simple moving average is $71.18. Block has a 52-week low of $48.21 and a 52-week high of $88.42.

Block (NYSE:XYZ) last released its quarterly earnings results on Tuesday, November 3rd. The technology company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.68 by $0.45. The firm had revenue of $6.72 billion during the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. On average, equities research analysts expect that Block will post 2.75 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Brian Grassadonia sold 8,173 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $82.42, for a total value of $673,618.66. Following the completion of the sale, the insider owned 513,981 shares in the company, valued at approximately $42,362,314.02. This trade represents a 1.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 9,511 shares of Block stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $82.43, for a total transaction of $783,991.73. Following the completion of the sale, 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 position. 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 quarter, insiders sold 232,686 shares of company stock worth $18,360,227. 11.37% of the stock is owned by insiders.

Hedge Funds Weigh In On Block

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Elevation Wealth Partners LLC boosted its stake in shares of Block by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after buying an additional 292 shares in the last quarter. Global Assets Advisory LLC purchased a new position in Block in the first quarter worth $31,000. Meeder Asset Management Inc. purchased a new position in Block in the second quarter worth $46,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Block in the third quarter valued at $48,000. Finally, Ancora Advisors LLC acquired a new stake in Block in the second quarter valued at $53,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Trending Headlines about Block

Here are the key news stories impacting Block this week:

• Positive Sentiment: Block reported third-quarter adjusted earnings of $1.13 per share, ahead of estimates, while revenue rose 9.9% year over year to $6.72 billion. Growth in Cash App lending and Square payment volumes, along with stronger-than-expected profitability, helped drive the results. Article: Block stock jumps as earnings beat estimates and full-year outlook rises
• Positive Sentiment: The company raised its full-year profit outlook and highlighted potential for further growth in 2027, supported by Square momentum, Cash App lending and AI investment. A higher outlook can reinforce expectations for continued earnings growth. Article: Block raises full-year profit outlook as Cash App drives Q3 growth
• Positive Sentiment: Several firms raised their price targets, including Susquehanna to $110, Bank of America to $117 and RBC to $103; Needham also reiterated its buy rating. These updates signal continued analyst support following the results. Article: Susquehanna raises Block price target
• Neutral Sentiment: Morgan Stanley raised its target to $82 but maintained an equal-weight rating, leaving its estimate below the recent share price. This underscores that analysts differ on how much further the stock can rise. Article: Morgan Stanley raises Block price target
• Negative Sentiment: Block has set aside about $764 million in connection with a preliminary Justice Department settlement over money-laundering controls. The substantial expected cost and reported compliance concerns could weigh on earnings and keep regulatory risk in focus; the final settlement amount may depend on further compliance testing. Article: Block lifts profit outlook, reaches preliminary DOJ settlement

About Block

Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.

Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.

For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.