Block, Inc. (NYSE:XYZ) Receives $85.12 Consensus Target Price from Analysts

Block, Inc. (NYSE:XYZ) has been assigned a consensus recommendation of “Moderate Buy” from the thirty-six analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, twenty-six have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $85.4242.

Several analysts recently issued reports on XYZ shares. Raymond James Financial upgraded Block to a “moderate buy” rating in a report on Friday, February 27th. Canaccord Genuity Group raised their price objective on shares of Block from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, May 18th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Block in a research report on Friday, May 8th. BTIG Research reaffirmed a “buy” rating and set a $90.00 price objective on shares of Block in a research report on Friday, May 8th. Finally, Morgan Stanley raised their price objective on shares of Block from $96.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, May 29th.

Insider Activity at Block

In other Block news, Director Anthony Mathew Eisen sold 135,750 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the transaction, the director directly owned 2,032,990 shares in the company, valued at $156,153,961.90. This trade represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Grassadonia sold 8,166 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $68.01, for a total value of $555,369.66. Following the transaction, the insider owned 601,002 shares in the company, valued at approximately $40,874,146.02. This trade represents a 1.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 199,680 shares of company stock valued at $15,009,081. Insiders own 11.37% of the company’s stock.

Hedge Funds Weigh In On Block

Several institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its holdings in Block by 49.6% during the first quarter. Parallel Advisors LLC now owns 10,978 shares of the technology company’s stock valued at $661,000 after buying an additional 3,638 shares in the last quarter. Wellington Grp LLC raised its position in shares of Block by 43.0% in the first quarter. Wellington Grp LLC now owns 6,632 shares of the technology company’s stock valued at $399,000 after purchasing an additional 1,993 shares during the period. Arete Wealth Advisors LLC raised its position in shares of Block by 159.0% in the first quarter. Arete Wealth Advisors LLC now owns 10,521 shares of the technology company’s stock valued at $633,000 after purchasing an additional 6,459 shares during the period. Centaurus Financial Inc. raised its position in shares of Block by 15.8% in the first quarter. Centaurus Financial Inc. now owns 11,437 shares of the technology company’s stock valued at $688,000 after purchasing an additional 1,559 shares during the period. Finally, Ashton Thomas Securities LLC raised its position in shares of Block by 7.9% in the first quarter. Ashton Thomas Securities LLC now owns 5,101 shares of the technology company’s stock valued at $307,000 after purchasing an additional 373 shares during the period. 70.44% of the stock is currently owned by institutional investors.

Block Price Performance

Shares of NYSE:XYZ opened at $69.26 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. Block has a 1 year low of $48.21 and a 1 year high of $82.50. The business has a fifty day simple moving average of $69.00 and a 200 day simple moving average of $64.31. The firm has a market cap of $41.22 billion, a price-to-earnings ratio of 54.11, a P/E/G ratio of 0.86 and a beta of 2.56.

Block (NYSE:XYZ) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The business had revenue of $6.06 billion during the quarter. During the same quarter in the prior year, the business posted $0.56 earnings per share. Block’s revenue was up 4.9% on a year-over-year basis. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. As a group, sell-side analysts predict that Block will post 2.42 earnings per share for the current fiscal year.

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.