Royal Bank Of Canada Raises Block (NYSE:XYZ) Price Target to $95.00

Posted by Brenda Bartman on Aug 6th, 2026

Block (NYSE:XYZ – Get Free Report) had its target price upped by investment analysts at Royal Bank Of Canada from $93.00 to $95.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Royal Bank Of Canada’s target price points to a potential upside of 20.64% from the company’s previous close.

Several other analysts also recently commented on XYZ. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $95.00 price objective on shares of Block in a research report on Thursday. Jefferies Financial Group began coverage on shares of Block in a research report on Tuesday, June 30th. They set a “hold” rating on the stock. Barclays began coverage on shares of Block in a report on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 price target for the company. Robert W. Baird set a $105.00 target price on Block in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upgraded Block to a “buy” rating in a report on Tuesday, June 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Block currently has an average rating of “Moderate Buy” and a consensus target price of $91.44.

View Our Latest Stock Analysis on XYZ

Block Price Performance

Shares of Block stock traded down $5.45 during trading on Thursday, reaching $78.75. 5,791,577 shares of the company’s stock were exchanged, compared to its average volume of 6,805,443. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. Block has a 1-year low of $48.21 and a 1-year high of $86.75. The company has a market cap of $46.87 billion, a P/E ratio of 61.49, a PEG ratio of 1.07 and a beta of 2.53. The firm’s 50-day moving average price is $76.54 and its 200 day moving average price is $67.85.

Block (NYSE:XYZ – Get Free Report) last posted its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. Block had a net margin of 3.30% and a return on equity of 7.02%. The firm had revenue of $6.62 billion for the quarter. During the same period in the previous year, the firm posted $0.62 EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, research analysts anticipate that Block will post 2.48 earnings per share for the current year.

Insider Buying and Selling at Block

In related news, Director Anthony Mathew Eisen sold 135,750 shares of Block 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 owned 2,032,990 shares of the company’s stock, valued at approximately $156,153,961.90. This trade represents a 6.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Amrita Ahuja sold 8,093 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $75.00, for a total value of $606,975.00. Following the completion of the sale, the chief financial officer owned 463,246 shares in the company, valued at $34,743,450. This represents a 1.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 385,208 shares of company stock valued at $29,755,405. Company insiders own 11.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Allstate Corp raised its holdings in shares of Block by 91.9% during the fourth quarter. Allstate Corp now owns 39,281 shares of the technology company’s stock valued at $2,557,000 after purchasing an additional 18,812 shares during the last quarter. Moran Wealth Management LLC grew its position in Block by 37.3% in the 4th quarter. Moran Wealth Management LLC now owns 57,651 shares of the technology company’s stock worth $3,753,000 after purchasing an additional 15,670 shares during the period. National Pension Service grew its position in Block by 8.4% in the 4th quarter. National Pension Service now owns 833,124 shares of the technology company’s stock worth $54,228,000 after purchasing an additional 64,674 shares during the period. Hsbc Holdings PLC raised its stake in Block by 7.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock valued at $79,749,000 after buying an additional 82,446 shares during the last quarter. Finally, Mawer Investment Management Ltd. bought a new position in shares of Block during the 4th quarter valued at $3,062,000. 70.44% of the stock is owned by institutional investors.

More Block News

Here are the key news stories impacting Block this week:

Positive Sentiment: Second-quarter earnings beat expectations. Block reported adjusted EPS of $1.02, well above estimates of $0.48 to $0.86 and up from $0.62 a year earlier. Revenue rose 9.3% year over year to $6.62 billion. Gross profit reportedly increased 25%, with record margins and improved momentum across Square and Cash App. Block Q2 Earnings and Revenues Beat Estimates
Positive Sentiment: Block raised its earnings outlook. The company forecast third-quarter EPS of $1.02, above the $0.93 consensus, and fiscal 2026 EPS of $4.02 versus the $3.62 analyst estimate. The improved outlook suggests stronger cost discipline and operating leverage. Block Q2 Earnings Call Highlights
Positive Sentiment: AI and restructuring efforts are gaining investor attention. Management’s push to make artificial intelligence central to operations, alongside a planned workforce reduction of roughly 40%, is beginning to support efficiency and profitability. Execution risks remain, but early results are encouraging. Block’s AI Overhaul Starts Showing Up in Results
Positive Sentiment: Analysts raised their price targets. Needham, Susquehanna and Keefe, Bruyette & Woods lifted their targets to $100, while Cantor Fitzgerald reaffirmed its overweight rating with a $95 target. Increased call-option activity also indicates stronger speculative bullish interest.
Neutral Sentiment: Valuation may be limiting the immediate upside. Block trades at a high earnings multiple after rising toward its 52-week high, leaving the stock vulnerable to profit-taking or disappointment despite the improved outlook.
Negative Sentiment: An insider sale may weigh modestly on sentiment. Brian Grassadonia sold 25,908 shares worth approximately $2.1 million under a pre-arranged Rule 10b5-1 plan. The scheduled nature of the transaction reduces its significance, but it removes a short-term support factor. SEC insider filing

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.