Block (NYSE:XYZ) Price Target Raised to $105.00

Block (NYSE:XYZ) had its price objective raised by KeyCorp from $100.00 to $105.00 in a research report report published on Thursday, MarketBeat Ratings reports. The brokerage currently has an overweight rating on the technology company’s stock.

Several other equities research analysts also recently commented on XYZ. Royal Bank Of Canada upped their price target on shares of Block from $90.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Piper Sandler upgraded shares of Block from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $58.00 to $100.00 in a research report on Monday, June 29th. Keefe, Bruyette & Woods boosted their target price on shares of Block from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Needham & Company LLC boosted their target price on shares of Block from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Canaccord Genuity Group increased their target price on Block from $80.00 to $85.00 and gave the company a “buy” rating in a report on Monday, May 18th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.84.

Block Trading Up 0.9%

Shares of XYZ opened at $77.19 on Thursday. The business’s 50-day moving average price is $74.44 and its 200 day moving average price is $67.07. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $45.94 billion, a P/E ratio of 60.31, a P/E/G ratio of 0.97 and a beta of 2.54. Block has a 1-year low of $48.21 and a 1-year high of $84.08.

Block (NYSE:XYZ) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates 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 posted $0.56 earnings per share. Block’s quarterly revenue was up 4.9% compared to the same quarter last year. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Analysts expect that Block will post 2.48 earnings per share for the current year.

Insider Activity at Block

In other Block news, Director Anthony Mathew Eisen sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $78.35, for a total value of $470,100.00. Following the transaction, the director owned 1,838,672 shares in the company, valued at approximately $144,059,951.20. This represents a 0.33% decrease in their position. The transaction was disclosed in a 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 43,348 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the completion of the sale, the insider owned 557,654 shares of the company’s stock, valued at approximately $44,612,320. The trade was a 7.21% 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. Over the last 90 days, insiders have sold 323,300 shares of company stock valued at $24,742,756. 11.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Block

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC raised its holdings in shares of Block by 57.1% during the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after acquiring an additional 161 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Block by 33.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock valued at $46,000 after purchasing an additional 179 shares in the last quarter. Merit Financial Group LLC increased its position in Block by 3.7% in the 4th quarter. Merit Financial Group LLC now owns 5,270 shares of the technology company’s stock worth $343,000 after purchasing an additional 188 shares during the last quarter. Avior Wealth Management LLC increased its position in Block by 3.3% in the 2nd quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company’s stock worth $462,000 after purchasing an additional 193 shares during the last quarter. Finally, Carson Advisory Inc. increased its position in Block by 2.6% in the 1st quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company’s stock worth $484,000 after purchasing an additional 200 shares during the last quarter. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

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.