Block, Inc. (NYSE:XYZ) Receives $87.09 Average Target Price from Analysts

Block, Inc. (NYSE:XYZ) has been given a consensus recommendation of “Moderate Buy” by the thirty-nine brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-seven have assigned a buy rating and four have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $87.9143.

XYZ has been the topic of several research analyst reports. Oppenheimer cut shares of Block from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Bank of America reduced their target price on Block from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Craig Hallum began coverage on Block in a research report on Tuesday, June 30th. They issued a “buy” rating for the company. Truist Financial boosted their price target on Block from $81.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, Zacks Research raised Block from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th.

Block Stock Down 1.3%

XYZ stock opened at $76.53 on Thursday. 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 firm has a 50 day simple moving average of $72.56 and a 200-day simple moving average of $65.95. The company has a market capitalization of $45.55 billion, a P/E ratio of 59.79, a PEG ratio of 0.98 and a beta of 2.54. Block has a twelve month low of $48.21 and a twelve month high of $82.50.

Block (NYSE:XYZ) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.55. The company had revenue of $6.06 billion during the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. Block’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 earnings per share. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, equities research analysts predict that Block will post 2.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Block

In other Block news, insider Brian Grassadonia sold 43,348 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were 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 in the company, valued at $44,612,320. The trade was a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 6,000 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $76.66, for a total transaction of $459,960.00. Following the sale, the director directly owned 1,856,672 shares in the company, valued at $142,332,475.52. This trade represents a 0.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 345,219 shares of company stock valued at $26,343,121. 11.37% of the stock is owned by insiders.

Hedge Funds Weigh In On Block

Large investors have recently bought and sold shares of the business. Valeo Financial Advisors LLC acquired a new stake in shares of Block during the 2nd quarter worth approximately $237,000. Elevation Wealth Partners LLC boosted its position in Block by 301.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after purchasing an additional 292 shares during the period. Czech National Bank grew its stake in Block by 2.1% during the 2nd quarter. Czech National Bank now owns 152,337 shares of the technology company’s stock worth $11,578,000 after buying an additional 3,182 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Block by 372.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 937,540 shares of the technology company’s stock worth $71,253,000 after buying an additional 739,264 shares during the last quarter. Finally, 55 North Private Wealth LLC acquired a new stake in Block in the second quarter worth $203,000. Institutional investors own 70.44% of the company’s stock.

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.