Block (NYSE:XYZ) Price Target Raised to $93.00

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

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC increased their price objective on Block from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday. Oppenheimer reiterated an “outperform” rating and issued a $91.00 price objective on shares of Block in a research report on Friday. HSBC upgraded Block from a “hold” rating to a “buy” rating and increased their price objective for the stock from $70.00 to $77.00 in a research report on Tuesday, March 3rd. Rothschild & Co Redburn upgraded Block from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $45.00 to $55.00 in a research report on Wednesday, March 18th. Finally, Loop Capital began coverage on Block in a research report on Tuesday, March 31st. They issued a “buy” rating and a $75.00 price objective on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Block currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.51.

Block Trading Up 0.0%

NYSE:XYZ opened at $74.86 on Friday. The company has a market cap of $44.85 billion, a P/E ratio of 58.48, a P/E/G ratio of 1.09 and a beta of 2.57. The stock’s fifty day moving average price is $63.99 and its two-hundred day moving average price is $64.19. Block has a 1 year low of $48.21 and a 1 year high of $82.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99.

Block (NYSE:XYZ) last posted its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.55. The firm had revenue of $6.06 billion for the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. As a group, analysts expect that Block will post 2.22 EPS for the current year.

Insider Transactions at Block

In related news, CFO Amrita Ahuja sold 30,919 shares of the stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $75.00, for a total value of $2,318,925.00. Following the transaction, the chief financial officer owned 500,816 shares of the company’s stock, valued at $37,561,200. This represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 10,349 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $50.00, for a total value of $517,450.00. Following the completion of the transaction, the insider directly owned 503,784 shares in the company, valued at approximately $25,189,200. This represents a 2.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 49,725 shares of company stock worth $3,401,393 in the last three months. Insiders own 11.37% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in Block by 35.7% in the first quarter. PNC Financial Services Group Inc. now owns 69,637 shares of the technology company’s stock valued at $4,191,000 after acquiring an additional 18,326 shares during the last quarter. Oslo Pensjonsforsikring AS bought a new position in Block in the first quarter valued at $299,000. Andra AP fonden increased its stake in Block by 56.7% in the first quarter. Andra AP fonden now owns 149,381 shares of the technology company’s stock valued at $8,990,000 after acquiring an additional 54,081 shares during the last quarter. Carson Advisory Inc. increased its stake in Block by 2.6% in the first quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company’s stock valued at $484,000 after acquiring an additional 200 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in Block by 1,120.6% in the first quarter. Meeder Asset Management Inc. now owns 1,599 shares of the technology company’s stock valued at $96,000 after acquiring an additional 1,468 shares during the last quarter. Institutional investors own 70.44% of the company’s stock.

Key Block News

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

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.