Block (NYSE:XYZ) Stock Price Expected to Rise, Citigroup Analyst Says

Block (NYSE:XYZ) had its price objective upped by analysts at Citigroup from $85.00 to $100.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Citigroup’s price target would suggest a potential upside of 33.67% from the company’s current price.

XYZ has been the topic of a number of other research reports. Cantor Fitzgerald boosted their price objective on Block from $78.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Morgan Stanley raised Block from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $72.00 to $93.00 in a research note on Friday, February 27th. Raymond James Financial raised Block to a “moderate buy” rating in a research note on Friday, February 27th. HSBC raised Block from a “hold” rating to a “buy” rating and upped their price target for the company from $70.00 to $77.00 in a research note on Tuesday, March 3rd. Finally, Zacks Research raised Block from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Four research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.51.

Block Price Performance

Block stock traded up $4.67 on Friday, reaching $74.81. The company’s stock had a trading volume of 10,419,691 shares, compared to its average volume of 7,580,335. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.20 and a current ratio of 2.20. The company has a market cap of $44.82 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 1.03 and a beta of 2.57. The business’s fifty day moving average price is $63.99 and its 200 day moving average price is $64.19. Block has a twelve month low of $48.21 and a twelve month high of $82.50.

Block (NYSE:XYZ) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. The company had revenue of $6.06 billion for the quarter. Block had a return on equity of 6.66% and a net margin of 5.40%.Block’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm 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. Equities analysts expect that Block will post 2.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Chrysty Esperanza sold 3,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $75.00, for a total value of $225,000.00. Following the completion of the sale, the insider directly owned 268,169 shares of the company’s stock, valued at $20,112,675. This represents a 1.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Owen Britton Jennings sold 3,555 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $63.41, for a total value of $225,422.55. Following the completion of the sale, the insider directly owned 231,262 shares of the company’s stock, valued at approximately $14,664,323.42. This trade represents a 1.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 49,725 shares of company stock valued at $3,401,393. Insiders own 11.37% of the company’s stock.

Institutional Investors Weigh In On Block

Hedge funds have recently modified their holdings of the business. Cromwell Holdings LLC acquired a new stake in shares of Block during the third quarter worth about $27,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Block during the third quarter worth about $28,000. RMG Wealth Management LLC acquired a new stake in shares of Block during the third quarter worth about $30,000. Quent Capital LLC acquired a new stake in shares of Block during the third quarter worth about $30,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Block during the third quarter worth about $30,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

More Block News

Here are the key news stories impacting Block this week:

• Positive Sentiment: Q1 earnings beat and stronger profit outlook — Block reported adjusted EPS of $0.85, well above consensus, with revenue of $6.06B and year-over-year EPS growth driven by Cash App lending and commerce; management raised Q2 and FY2026 EPS guidance (Q2: $0.86; FY: $3.85), underpinning the rally. Zacks: Block Q1 Earnings Beat
• Positive Sentiment: Analysts lift targets and reaffirm buys — Several firms raised price targets (RBC to $93, Needham to $95, KBW to $90; BTIG reaffirmed buy at $90), signaling confidence in upside from the new guidance and margin improvement. Benzinga: Analyst Actions
• Positive Sentiment: Business drivers highlighted: Cash App lending, AI and restructuring — Management emphasized AI-driven automation, embedded financial services and stronger links between Cash App users and Square merchants after mass staff reductions; coverage notes these changes are boosting lending and profitability. PYMNTS: AI & Cash App Lending
• Positive Sentiment: Market writeups emphasize resilience after job cuts — Coverage (Barron’s, WSJ) frames the results and guidance increase as evidence the company is executing through restructuring and higher payment/lending volumes. Barron’s: Stock Jumps After Earnings
• Neutral Sentiment: Company disclosure and presentations — Block filed its Q1 release, investor presentation and hosted the earnings webcast; these provide detail for modeling but largely reinforce points above. BusinessWire: Q1 Results
• Neutral Sentiment: Mixed metrics beneath the headline — Some writeups note mixed GPV trends and a slight revenue miss in parts of the business even as monetization and margins improved; worth monitoring future volume trends. Proactive: Revenue/Metrics Context
• Negative Sentiment: Counterpoint from Piper Sandler — Piper Sandler lowered its price target to $58 and maintained an “underweight” rating, signaling downside risk versus current levels and reminding investors some analysts remain cautious. Benzinga: Piper Sandler PT Cut

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.