Block (NYSE:XYZ) Price Target Raised to $90.00

Block (NYSE:XYZ) had its target price upped by Keefe, Bruyette & Woods from $85.00 to $90.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

Several other research analysts have also recently issued reports on the company. BTIG Research reissued a “buy” rating and issued a $90.00 price objective on shares of Block in a research note on Friday. BMO Capital Markets assumed coverage on Block in a research note on Tuesday, April 21st. They issued a “market perform” rating and a $74.00 price objective on the stock. Zacks Research raised Block from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. HSBC raised Block from a “hold” rating to a “buy” rating and increased their price objective for the stock from $70.00 to $77.00 in a research note on Tuesday, March 3rd. Finally, Needham & Company LLC increased their price objective on Block from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday. Four research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Block presently has an average rating of “Moderate Buy” and an average price target of $84.51.

Block Trading Up 0.0%

XYZ opened at $74.86 on Friday. The stock has a market cap of $44.85 billion, a price-to-earnings ratio of 58.48, a P/E/G ratio of 1.09 and a beta of 2.57. The stock’s 50 day moving average price is $63.99 and its 200-day moving average price is $64.19. Block has a one year low of $48.21 and a one year high of $82.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99.

Block (NYSE:XYZ) last released its earnings results on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.55. The firm had revenue of $6.06 billion for the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company 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. On average, equities analysts forecast that Block will post 2.22 EPS for the current year.

Insider Buying and Selling

In other Block news, insider Chrysty Esperanza sold 3,000 shares of the stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $75.00, for a total transaction of $225,000.00. Following the sale, the insider owned 268,169 shares of the company’s stock, valued at approximately $20,112,675. This trade represents a 1.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 1,769 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $60.25, for a total value of $106,582.25. Following the sale, the insider directly owned 500,763 shares in the company, valued at $30,170,970.75. This trade represents a 0.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 49,725 shares of company stock worth $3,401,393 over the last quarter. Insiders own 11.37% of the company’s stock.

Institutional Trading of Block

Several hedge funds and other institutional investors have recently bought and sold shares of XYZ. Cromwell Holdings LLC bought a new stake in Block during the 3rd quarter valued at $27,000. Cary Street Partners Investment Advisory LLC bought a new stake in Block during the 3rd quarter valued at $28,000. Sound Income Strategies LLC boosted its position in Block by 57.1% during the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock valued at $29,000 after acquiring an additional 161 shares in the last quarter. Quent Capital LLC bought a new stake in Block during the 3rd quarter valued at $30,000. Finally, RMG Wealth Management LLC bought a new stake in Block during the 3rd quarter valued at $30,000. Institutional investors own 70.44% of the company’s stock.

Key Block News

Here are the key news stories impacting Block this week:

• Positive Sentiment: Block reported Q1 EPS of $0.85, well above estimates, while revenue came in at $6.06 billion and gross profit growth remained resilient across Cash App and Square. Block (XYZ) Q1 Earnings Surpass Estimates
• Positive Sentiment: Management raised 2026 guidance, with full-year EPS now expected at $3.85 and Q2 EPS guidance also above Wall Street expectations, reinforcing confidence in the company’s outlook. Block Lifts Guidance on Higher Payment Volumes, Boom in Lending
• Positive Sentiment: Several analysts turned more upbeat after the report, including Citigroup, RBC, KBW, Needham, and BTIG, with multiple firms raising price targets and reiterating buy/outperform ratings. Analyst price target updates on Block
• Neutral Sentiment: Some investors may note that one analyst, Piper Sandler, kept an underweight rating even while raising its price target, indicating there is still some debate over how much upside remains. Piper Sandler price target update on Block

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.