Block (NYSE:XYZ) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Block (NYSE:XYZ) had its price objective upped by investment analysts at BMO Capital Markets from $101.00 to $102.00 in a report released on Tuesday. The firm presently has a “market perform” rating on the technology company’s stock. BMO Capital Markets‘s target price suggests a potential upside of 18.37% from the stock’s current price.

Other research analysts have also issued research reports about the company. Clear Str raised Block to a “hold” rating in a report on Thursday, July 16th. Royal Bank Of Canada increased their price target on shares of Block from $95.00 to $103.00 and gave the stock an “outperform” rating in a report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $100.00 price objective on shares of Block in a research report on Wednesday. Citigroup upgraded shares of Block from a “buy” rating to an “outperform” rating in a research report on Tuesday. Finally, KeyCorp boosted their price objective on shares of Block from $105.00 to $108.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.92.

Block Stock Performance

Shares of NYSE:XYZ traded up $2.13 during midday trading on Tuesday, reaching $86.17. 2,838,564 shares of the company traded hands, compared to its average volume of 6,191,620. The company has a quick ratio of 2.21, a current ratio of 2.23 and a debt-to-equity ratio of 0.25. Block has a 12 month low of $48.21 and a 12 month high of $88.51. The firm has a market capitalization of $51.77 billion, a price-to-earnings ratio of 116.24, a price-to-earnings-growth ratio of 0.92 and a beta of 2.58. The firm’s fifty day moving average price is $77.90 and its two-hundred day moving average price is $71.39.

Block (NYSE:XYZ) last issued its quarterly earnings data on Tuesday, November 3rd. The technology company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.45. Block had a return on equity of 9.63% and a net margin of 1.80%. The business had revenue of $6.72 billion for the quarter. During the same period last year, the company posted $0.54 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts expect that Block will post 2.75 earnings per share for the current year.

Insider Transactions at Block

In related news, CFO Amrita Ahuja sold 9,511 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $82.43, for a total value of $783,991.73. Following the transaction, the chief financial officer directly owned 423,262 shares in the company, valued at approximately $34,889,486.66. This represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 8,173 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $82.42, for a total transaction of $673,618.66. Following the completion of the transaction, 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 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. Over the last 90 days, insiders sold 226,686 shares of company stock valued at $17,861,807. 11.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Block

A number of institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp lifted its holdings in shares of Block by 0.8% during the 3rd quarter. Fifth Third Bancorp now owns 68,798 shares of the technology company’s stock worth $5,059,000 after acquiring an additional 540 shares during the last quarter. Maryland State Retirement & Pension System grew its position in Block by 11.2% in the third quarter. Maryland State Retirement & Pension System now owns 31,914 shares of the technology company’s stock worth $2,347,000 after acquiring an additional 3,226 shares in the last quarter. Jacobi Capital Management LLC bought a new position in Block in the third quarter valued at $126,000. First Command Advisory Services Inc. increased its stake in Block by 209.9% in the third quarter. First Command Advisory Services Inc. now owns 2,950 shares of the technology company’s stock valued at $217,000 after acquiring an additional 1,998 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC bought a new position in Block in the third quarter valued at $3,017,000. Institutional investors own 70.44% of the company’s stock.

More Block News

Here are the key news stories impacting Block this week:

• Positive Sentiment: Block’s third-quarter results beat expectations: earnings per share were $1.13 versus the $0.68 consensus, while revenue rose 9.9% year over year. Cash App lending and Square growth helped lift gross profit 22% to $3.24 billion, and the company raised its 2026 outlook. Shares recently reached a 52-week high following the results. Article: Block earnings lift outlook Article: Block Q3 earnings beat estimates
• Positive Sentiment: Several firms raised price targets, reinforcing optimism: Wells Fargo lifted its target to $110, TD Cowen to $109, Barclays and Argus to $105, and RBC to $103. Needham reiterated its Buy rating, while TD Cowen and Susquehanna also expressed expectations for further gains. Wells Fargo forecast Argus target increase Barclays target increase
• Positive Sentiment: Traders also purchased a large volume of Block call options, suggesting bullish positioning, though options activity can be speculative. Call options activity
• Neutral Sentiment: Morgan Stanley raised its target to $82 but maintained an Equal Weight rating; Scotiabank also kept a Sector Perform rating. Their views are more cautious than the broader cluster of Buy and Outperform calls.
• Negative Sentiment: Block is making its second round of job cuts this year, affecting employees in Cash App. The cuts may reduce costs, but the timing shortly after strong earnings could raise questions about staffing and business needs. Article: Block job cuts

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.