Block (NYSE:XYZ) Given Buy Rating at BTIG Research

BTIG Research reissued their buy rating on shares of Block (NYSE:XYZ) in a research note released on Friday morning,Benzinga reports. BTIG Research currently has a $90.00 target price on the technology company’s stock.

A number of other research analysts have also recently commented on XYZ. Piper Sandler reduced their price target on shares of Block from $55.00 to $51.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 14th. Mizuho upped their price objective on shares of Block from $88.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. BNP Paribas Exane raised shares of Block from a “hold” rating to an “outperform” rating and set a $83.00 price target for the company in a research note on Wednesday, January 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Block in a research note on Thursday, November 20th. Finally, Citigroup decreased their price objective on Block from $105.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Block currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.97.

Block Price Performance

NYSE:XYZ traded up $9.24 during midday trading on Friday, hitting $63.77. The company had a trading volume of 40,637,067 shares, compared to its average volume of 9,332,151. The stock’s fifty day moving average price is $61.27 and its 200-day moving average price is $68.22. Block has a 52-week low of $44.27 and a 52-week high of $82.50. 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 company has a market capitalization of $38.75 billion, a PE ratio of 30.37, a P/E/G ratio of 1.12 and a beta of 2.67.

Block (NYSE:XYZ) last issued its quarterly earnings results on Thursday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.39. The firm had revenue of $6.25 billion during the quarter. Block had a return on equity of 6.67% and a net margin of 5.40%.The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.71 EPS. As a group, research analysts expect that Block will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Brian Grassadonia sold 10,349 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $50.00, for a total transaction of $517,450.00. Following the transaction, the insider directly owned 503,784 shares of the company’s stock, valued at approximately $25,189,200. The trade was a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Amrita Ahuja sold 1,101 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $63.98, for a total value of $70,441.98. Following the transaction, the chief financial officer owned 271,864 shares of the company’s stock, valued at approximately $17,393,858.72. This represents a 0.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 16,797 shares of company stock valued at $940,298 over the last three months. Company insiders own 10.85% of the company’s stock.

Institutional Investors Weigh In On Block

Several hedge funds have recently made changes to their positions in XYZ. Vanguard Group Inc. bought a new position in shares of Block during the second quarter valued at $3,730,489,000. Sands Capital Management LLC purchased a new stake in Block during the 2nd quarter valued at about $702,446,000. Geode Capital Management LLC bought a new stake in Block during the 2nd quarter valued at about $634,721,000. Dragoneer Investment Group LLC purchased a new position in Block in the second quarter worth about $627,233,000. Finally, Ameriprise Financial Inc. purchased a new position in Block in the second quarter worth about $535,305,000. 70.44% of the stock is currently owned by institutional investors.

Trending Headlines about Block

Here are the key news stories impacting Block this week:

• Positive Sentiment: Management announced cuts of roughly 4,000 roles (nearly half the workforce) and said it will accelerate integrating AI to boost efficiency — a move investors interpreted as materially lowering future operating costs and improving margins. Reuters: Block shares soar as Dorsey leans on AI
• Positive Sentiment: Block reported Q4 results with EPS roughly in line with consensus and revenue up year-over-year (~$6.25B), and management raised 2026 outlook — the combination supported the rally. Zacks: Block Stock Soars
• Positive Sentiment: Multiple firms raised ratings/price targets (TD Cowen, Morgan Stanley, Needham, Oppenheimer, BTIG, Cantor Fitzgerald), signaling analyst confidence that the restructuring and AI investments boost long-term value. Benzinga roundup
• Neutral Sentiment: Macro headwinds and market volatility are present (weak futures / sector rotation), which could cap broader market upside even as Block-specific news drives the stock. Zacks: Oil Surges / Market Moves
• Negative Sentiment: The restructuring will incur substantial one-time costs (reported $450–$500M in severance and charges), which will weigh on near-term cash flow and reported results. WSJ: Layoff costs
• Negative Sentiment: Some analysts and commentators caution the boost from cuts and AI may not be durable; Seeking Alpha flagged a downgrade risk, and regulators/law firms (Halper Sadeh) are probing potential fiduciary issues — both represent execution and governance risks. Seeking Alpha: Downgrade concerns PR Newswire: Investor probe

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.