Block (NYSE:XYZ) Given New $95.00 Price Target at Needham & Company LLC

Block (NYSE:XYZ) had its target price boosted by Needham & Company LLC from $90.00 to $95.00 in a report published on Friday,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Other equities analysts have also recently issued reports about the stock. Cantor Fitzgerald upped their price target on shares of Block from $78.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Truist Financial increased their price objective on shares of Block from $77.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, April 24th. BMO Capital Markets assumed coverage on Block in a report on Tuesday, April 21st. They set a “market perform” rating and a $74.00 price objective on the stock. TD Cowen increased their price objective on shares of Block from $91.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Finally, Loop Capital assumed coverage on shares of Block in a report on Tuesday, March 31st. They set a “buy” rating and a $75.00 price objective on the stock. Four analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.51.

Block Stock Up 6.7%

Shares of Block stock opened at $74.86 on Friday. The company has a market cap of $44.85 billion, a P/E ratio of 58.48, a PEG ratio of 1.02 and a beta of 2.57. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.20 and a current ratio of 2.20. Block has a one year low of $48.21 and a one year high of $82.50. The firm has a fifty day moving average of $63.99 and a two-hundred day moving average of $64.19.

Block (NYSE:XYZ) last announced 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 during the quarter. Block had a net margin of 3.30% and a return on equity of 6.97%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous 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, analysts forecast that Block will post 2.22 earnings per share for the current year.

Insider Activity

In other news, insider Owen Britton Jennings sold 3,555 shares of Block stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $63.41, for a total transaction of $225,422.55. Following the sale, the insider owned 231,262 shares in the company, valued at $14,664,323.42. This trade represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian Grassadonia sold 1,769 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $60.25, for a total transaction of $106,582.25. Following the sale, the insider directly owned 500,763 shares of the company’s stock, valued at $30,170,970.75. The trade was a 0.35% decrease in their position. 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 ninety days, insiders have sold 49,725 shares of company stock worth $3,401,393. Company insiders own 11.37% of the company’s stock.

Hedge Funds Weigh In On Block

A number of hedge funds have recently added to or reduced their stakes in the business. Howard Capital Management Inc. boosted its holdings in Block by 3.2% in the third quarter. Howard Capital Management Inc. now owns 4,439 shares of the technology company’s stock worth $321,000 after purchasing an additional 138 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Block by 23.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 853 shares of the technology company’s stock worth $66,000 after acquiring an additional 160 shares during the period. Sound Income Strategies LLC raised its stake 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 valued at $29,000 after purchasing an additional 161 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Block by 0.8% during the third quarter. Jones Financial Companies Lllp now owns 21,183 shares of the technology company’s stock valued at $1,561,000 after purchasing an additional 167 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Block by 33.9% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

Key Stories Impacting Block

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.