Block, Inc. (NYSE:XYZ) Receives $84.51 Consensus Target Price from Analysts

Shares of Block, Inc. (NYSE:XYZ) have earned an average rating of “Moderate Buy” from the thirty-seven brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-seven have issued a buy rating and three have given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $84.9412.

Several brokerages have recently issued reports on XYZ. HSBC raised shares of 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. Piper Sandler increased their price objective on shares of Block from $51.00 to $58.00 and gave the stock an “underweight” rating in a research report on Friday, May 8th. Wall Street Zen raised shares of Block from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Loop Capital began coverage on shares of Block in a research report on Tuesday, March 31st. They set a “buy” rating and a $75.00 price objective for the company. Finally, Citigroup increased their price objective on shares of Block from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, May 8th.

Insider Buying and Selling at Block

In related news, insider Owen Britton Jennings sold 3,555 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $63.41, for a total value of $225,422.55. Following the completion of the transaction, the insider owned 231,262 shares of the company’s stock, valued at approximately $14,664,323.42. This trade represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Amrita Ahuja sold 30,919 shares of the firm’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total transaction of $2,318,925.00. Following the completion of the transaction, the chief financial officer directly owned 500,816 shares of the company’s stock, valued at approximately $37,561,200. This trade represents a 5.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 49,725 shares of company stock worth $3,401,393 in the last three months. 11.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC bought a new position in shares of Block in the 3rd quarter valued at about $28,000. RMG Wealth Management LLC bought a new position in shares of Block in the 3rd quarter valued at about $30,000. Quent Capital LLC bought a new position in shares of Block in the 3rd quarter valued at about $30,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Block in the 3rd quarter valued at about $30,000. Finally, Sound Income Strategies LLC grew its position in shares of Block by 57.1% in the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock valued at $29,000 after acquiring an additional 161 shares during the period. Institutional investors own 70.44% of the company’s stock.

Block Trading Down 2.1%

XYZ opened at $69.18 on Wednesday. The firm’s fifty day moving average is $65.50 and its two-hundred day moving average is $63.82. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market cap of $41.17 billion, a PE ratio of 54.04, a price-to-earnings-growth ratio of 0.99 and a beta of 2.57. Block has a twelve month low of $48.21 and a twelve month high of $82.50.

Block (NYSE:XYZ) last issued its quarterly earnings data 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. Block had a net margin of 3.30% and a return on equity of 7.02%. The company had revenue of $6.06 billion during the quarter. During the same period in the prior year, the company earned $0.56 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Equities research analysts anticipate that Block will post 2.23 EPS for the current year.

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.