Block (NYSE:XYZ) Sets New 12-Month High – What’s Next?

Posted by Geri Gentry on Jul 17th, 2026

Block, Inc. (NYSE:XYZ – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $82.88 and last traded at $83.2230, with a volume of 4120422 shares changing hands. The stock had previously closed at $79.99.

Analyst Ratings Changes

XYZ has been the subject of a number of research analyst reports. Canaccord Genuity Group increased their price target on shares of Block from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Keefe, Bruyette & Woods upped their price objective on shares of Block from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Morgan Stanley lifted their target price on shares of Block from $96.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Bank of America lowered their price target on shares of Block from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Finally, Cantor Fitzgerald increased their price objective on Block from $78.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Six analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Block presently has an average rating of “Moderate Buy” and an average target price of $88.64.

Read Our Latest Stock Report on Block

Block Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a market capitalization of $48.49 billion, a price-to-earnings ratio of 63.64, a PEG ratio of 1.04 and a beta of 2.54. The stock’s 50 day simple moving average is $73.66 and its 200-day simple moving average is $66.53.

Block (NYSE:XYZ – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.30 by $0.55. The company had revenue of $6.06 billion for the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $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 expect that Block, Inc. will post 2.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other Block news, insider Brian Grassadonia sold 43,348 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the transaction, the insider directly owned 557,654 shares in the company, valued at $44,612,320. This trade represents a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 135,750 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $76.81, for a total value of $10,426,957.50. Following the completion of the sale, the director directly owned 2,032,990 shares of the company’s stock, valued at $156,153,961.90. This represents a 6.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 357,219 shares of company stock valued at $27,286,681 over the last three months. 11.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Block

A number of large investors have recently added to or reduced their stakes in the stock. Allstate Corp raised its holdings in Block by 91.9% in the 4th quarter. Allstate Corp now owns 39,281 shares of the technology company’s stock worth $2,557,000 after acquiring an additional 18,812 shares during the period. Moran Wealth Management LLC boosted its holdings in Block by 37.3% during the fourth quarter. Moran Wealth Management LLC now owns 57,651 shares of the technology company’s stock valued at $3,753,000 after acquiring an additional 15,670 shares during the period. National Pension Service grew its position in shares of Block by 8.4% in the fourth quarter. National Pension Service now owns 833,124 shares of the technology company’s stock valued at $54,228,000 after purchasing an additional 64,674 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Block by 7.2% in the fourth quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock valued at $79,749,000 after purchasing an additional 82,446 shares during the last quarter. Finally, Mawer Investment Management Ltd. acquired a new stake in shares of Block in the fourth quarter valued at about $3,062,000. Institutional investors own 70.44% of the company’s stock.

About Block

(Get Free Report)

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.