KeyCorp Increases Block (NYSE:XYZ) Price Target to $105.00

Block (NYSE:XYZ) had its price objective upped by equities researchers at KeyCorp from $100.00 to $105.00 in a report released on Thursday, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the technology company’s stock. KeyCorp’s price objective would indicate a potential upside of 36.02% from the company’s current price.

XYZ has been the subject of several other research reports. Barclays started coverage on shares of Block in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 price target for the company. Rosenblatt Securities set a $100.00 target price on Block in a report on Tuesday, June 30th. Weiss Ratings raised Block from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Deutsche Bank Aktiengesellschaft upgraded Block to a “buy” rating in a report on Tuesday, June 30th. Finally, Keefe, Bruyette & Woods increased their price target on Block from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Four research 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.84.

Block Stock Up 0.9%

Shares of NYSE:XYZ opened at $77.19 on Thursday. The firm has a market capitalization of $45.94 billion, a PE ratio of 60.31, a price-to-earnings-growth ratio of 0.96 and a beta of 2.54. Block has a 1 year low of $48.21 and a 1 year high of $84.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99. The firm’s 50-day moving average is $74.44 and its two-hundred day moving average is $67.07.

Block (NYSE:XYZ) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.30 by $0.55. The business 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%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 EPS. 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 predict that Block will post 2.48 EPS for the current year.

Insider Activity at Block

In other news, CFO Amrita Ahuja sold 8,093 shares of Block stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $75.00, for a total transaction of $606,975.00. Following the sale, the chief financial officer owned 463,246 shares in the company, valued at approximately $34,743,450. The trade was a 1.72% 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 link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 43,348 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total value of $3,467,840.00. Following the completion of the sale, the insider directly owned 557,654 shares of the company’s stock, valued at $44,612,320. The trade was a 7.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 323,300 shares of company stock valued at $24,742,756 in the last ninety days. Insiders own 11.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in XYZ. Sound Income Strategies LLC grew its position 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 during the last quarter. EverSource Wealth Advisors LLC raised its position in Block by 33.9% in the 4th 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 during the last quarter. Merit Financial Group LLC boosted its stake in Block by 3.7% during 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 period. Avior Wealth Management LLC boosted its stake in Block by 3.3% during 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 period. Finally, Carson Advisory Inc. grew its position in Block by 2.6% during 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. Institutional investors and hedge funds own 70.44% of the company’s stock.

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.