Block (NYSE:XYZ) Given New $100.00 Price Target at Raymond James Financial

Posted by Brenda Bartman on Nov 6th, 2026

Block (NYSE:XYZ – Free Report) had its price objective upped by Raymond James Financial from $97.00 to $100.00 in a report released on Wednesday morning. Raymond James Financial currently has an outperform rating on the technology company’s stock.

Several other equities analysts also recently issued reports on XYZ. KeyCorp upped their price objective on shares of Block from $105.00 to $108.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Susquehanna lifted their target price on shares of Block from $100.00 to $110.00 and gave the stock a “positive” rating in a research note on Wednesday. Monness Crespi & Hardt boosted their price target on Block from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 7th. Benchmark raised Block to a “strong-buy” rating in a research note on Thursday, September 10th. Finally, Clear Str raised Block to a “hold” rating in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.24.

View Our Latest Stock Report on Block

Block Price Performance

XYZ stock traded up $2.30 during trading on Wednesday, hitting $86.34. The stock had a trading volume of 2,877,928 shares, compared to its average volume of 6,193,499. The stock has a market cap of $51.87 billion, a price-to-earnings ratio of 116.65, a price-to-earnings-growth ratio of 0.92 and a beta of 2.58. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 2.23. The company’s 50 day moving average price is $77.90 and its two-hundred day moving average price is $71.39. Block has a 1-year low of $48.21 and a 1-year high of $88.51.

Block (NYSE:XYZ – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The technology company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.45. The company had revenue of $6.72 billion for the quarter. Block had a net margin of 1.80% and a return on equity of 9.63%. Block’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 earnings per share. On average, sell-side analysts forecast that Block will post 2.75 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Brian Grassadonia sold 8,173 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $82.42, for a total transaction of $673,618.66. Following the completion of the sale, the insider directly owned 513,981 shares of the company’s stock, valued at $42,362,314.02. The trade was a 1.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 9,511 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $82.43, for a total transaction of $783,991.73. Following the sale, the chief financial officer directly owned 423,262 shares of the company’s stock, valued at $34,889,486.66. This represents a 2.20% 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 226,686 shares of company stock valued at $17,861,807. Insiders own 11.37% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XYZ. Jones Financial Companies Lllp purchased a new position in shares of Block in the 2nd quarter worth about $366,000. PNC Financial Services Group Inc. lifted its stake in shares of Block by 35.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 69,637 shares of the technology company’s stock valued at $4,191,000 after purchasing an additional 18,326 shares in the last quarter. Nilsine Partners LLC grew its holdings in shares of Block by 295.4% during the 2nd quarter. Nilsine Partners LLC now owns 25,999 shares of the technology company’s stock worth $1,976,000 after purchasing an additional 19,423 shares during the period. Nykredit A S purchased a new stake in shares of Block during the 2nd quarter worth about $13,291,000. Finally, Swiss National Bank grew its holdings in shares of Block by 6.7% during the 1st quarter. Swiss National Bank now owns 1,607,286 shares of the technology company’s stock worth $96,726,000 after purchasing an additional 101,300 shares during the period. Institutional investors and hedge funds own 70.44% of the company’s stock.

Key Headlines Impacting Block

Here are the key news stories impacting Block this week:

Positive Sentiment: Block’s third-quarter results beat expectations: earnings per share were $1.13 versus the $0.68 consensus, while revenue rose 9.9% year over year. Cash App lending and Square growth helped lift gross profit 22% to $3.24 billion, and the company raised its 2026 outlook. Shares recently reached a 52-week high following the results. Article: Block earnings lift outlook Article: Block Q3 earnings beat estimates
Positive Sentiment: Several firms raised price targets, reinforcing optimism: Wells Fargo lifted its target to $110, TD Cowen to $109, Barclays and Argus to $105, and RBC to $103. Needham reiterated its Buy rating, while TD Cowen and Susquehanna also expressed expectations for further gains. Wells Fargo forecast Argus target increase Barclays target increase
Positive Sentiment: Traders also purchased a large volume of Block call options, suggesting bullish positioning, though options activity can be speculative. Call options activity
Neutral Sentiment: Morgan Stanley raised its target to $82 but maintained an Equal Weight rating; Scotiabank also kept a Sector Perform rating. Their views are more cautious than the broader cluster of Buy and Outperform calls.
Negative Sentiment: Block is making its second round of job cuts this year, affecting employees in Cash App. The cuts may reduce costs, but the timing shortly after strong earnings could raise questions about staffing and business needs. Article: Block job cuts

About Block

(Get Free Report)

Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.

Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.

For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.