Shares of Block, Inc. (NYSE:XYZ – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the thirty-eight brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, twenty-six have assigned a buy recommendation and four have given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $87.0882.
A number of research firms recently issued reports on XYZ. Keefe, Bruyette & Woods boosted their price objective on Block from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Rothschild & Co Redburn raised Block from a “sell” rating to a “neutral” rating and increased their target price for the stock from $45.00 to $55.00 in a research report on Wednesday, March 18th. Truist Financial raised their target price on Block from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft raised shares of Block to a “buy” rating in a report on Tuesday. Finally, Loop Capital initiated coverage on shares of Block in a research report on Tuesday, March 31st. They set a “buy” rating and a $75.00 price target for the company.
Read Our Latest Stock Analysis on Block
Insider Buying and Selling at Block
Hedge Funds Weigh In On Block
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baird Financial Group Inc. acquired a new stake in Block in the 2nd quarter valued at approximately $1,866,000. Brown Advisory Inc. acquired a new position in Block during the 2nd quarter worth $516,000. Jump Financial LLC acquired a new position in Block during the 2nd quarter worth $385,000. Federated Hermes Inc. bought a new position in shares of Block in the second quarter worth $53,000. Finally, Cerity Partners LLC bought a new position in shares of Block in the second quarter worth $1,861,000. 70.44% of the stock is owned by institutional investors.
Block Stock Performance
Shares of NYSE XYZ opened at $77.13 on Thursday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $71.90 and its two-hundred day moving average price is $65.46. Block has a 52-week low of $48.21 and a 52-week high of $82.50. The stock has a market capitalization of $45.91 billion, a P/E ratio of 60.26, a P/E/G ratio of 0.96 and a beta of 2.54.
Block (NYSE:XYZ – Get Free Report) last posted its earnings results 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 company had revenue of $6.06 billion during the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.56 earnings per share. 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 forecast that Block will post 2.48 earnings per share for the current 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.
Recommended Stories
- Five stocks we like better than Block
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Receive News & Ratings for Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Block and related companies with MarketBeat.com's FREE daily email newsletter.
