Block (NYSE:XYZ) Given New $95.00 Price Target at TD Cowen

Block (NYSE:XYZ) had its price objective increased by analysts at TD Cowen from $91.00 to $95.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. TD Cowen’s price target points to a potential upside of 50.92% from the stock’s previous close.

XYZ has been the subject of a number of other research reports. Compass Point upgraded Block from a “strong sell” rating to a “hold” rating in a report on Friday, November 21st. Oppenheimer lifted their price target on Block from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Friday. Morgan Stanley raised Block from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $72.00 to $93.00 in a report on Friday. Stephens reiterated an “overweight” rating and set a $95.00 price objective on shares of Block in a research report on Thursday, November 20th. Finally, Piper Sandler dropped their target price on Block from $55.00 to $51.00 and set an “underweight” rating for the company in a report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.97.

Block Stock Performance

Shares of NYSE XYZ traded up $8.42 during midday trading on Friday, hitting $62.95. 29,171,934 shares of the company’s stock were exchanged, compared to its average volume of 8,544,666. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $38.25 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 1.07 and a beta of 2.67. Block has a 12 month low of $44.27 and a 12 month high of $82.50. The company’s 50 day moving average price is $61.30 and its 200 day moving average price is $68.28.

Block (NYSE:XYZ) last announced its quarterly earnings results on Thursday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.39. Block had a return on equity of 5.54% and a net margin of 12.99%.The business had revenue of $6.25 billion during the quarter. During the same period in the prior year, the business earned $0.71 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, analysts predict that Block will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Ajmere Dale sold 1,173 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $65.09, for a total value of $76,350.57. Following the completion of the transaction, the chief accounting officer directly owned 98,412 shares in the company, valued at approximately $6,405,637.08. The trade was a 1.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian Grassadonia sold 10,349 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $50.00, for a total value of $517,450.00. Following the sale, the insider owned 503,784 shares of the company’s stock, valued at $25,189,200. The trade was a 2.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 16,797 shares of company stock valued at $940,298 in the last 90 days. 10.85% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Block

Several hedge funds have recently modified their holdings of the company. Traub Capital Management LLC acquired a new stake in shares of Block during the second quarter valued at about $26,000. Nemes Rush Group LLC acquired a new stake in shares of Block during the second quarter worth $26,000. City Holding Co. acquired a new stake in Block during the 3rd quarter worth about $27,000. Cromwell Holdings LLC acquired a new stake in Block during the third quarter worth approximately $27,000. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in shares of Block in the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Key Headlines Impacting Block

Here are the key news stories impacting Block this week:

• Positive Sentiment: Q4 results and guidance: Block reported Q4 EPS roughly in line to slightly above consensus and revenue up year-over-year; management raised its 2026 outlook, which investors see as a near-term fundamental catalyst. Article Title
• Positive Sentiment: Large workforce reduction framed as efficiency/AI pivot: Management announced cuts of ~4,000 roles (nearly half the workforce) to embed AI across operations — investors are pricing in faster margin improvement and productivity gains. Article Title
• Positive Sentiment: Analyst upgrades and higher price targets followed the news: Multiple firms raised ratings/targets (e.g., Morgan Stanley upgrade and several price-target increases), giving buy-side validation to the strategy. Article Title
• Neutral Sentiment: Broader market context: Negative pre-market futures and macro volatility (oil, inflation data) are creating choppy conditions that could amplify moves in high-beta names like XYZ. Article Title
• Negative Sentiment: One-time restructuring costs: The layoffs will generate $450M–$500M of severance and related charges, which will pressure near-term earnings despite longer-term savings. Article Title
• Negative Sentiment: Durability questions and downgrades: Some analysts and commentaries warn the cost/benefit from rapid AI-driven cuts may be short-lived and a downgrade was published suggesting gains could fade. Article Title
• Negative Sentiment: Legal and reputational risk: An investor-rights firm is probing whether officers/directors breached duties related to recent actions; broader scrutiny and public backlash over mass layoffs could create governance/PR headwinds. Article Title

Block Company Profile

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.