Block (NYSE:XYZ) Price Target Raised to $100.00

Posted by Stanley Muller on Aug 9th, 2026

Block (NYSE:XYZ – Free Report) had its price objective increased by Susquehanna from $90.00 to $100.00 in a research note published on Thursday morning, MarketBeat.com reports. Susquehanna currently has a positive rating on the technology company’s stock.

A number of other brokerages also recently commented on XYZ. The Goldman Sachs Group raised Block from a “buy” rating to a “buy” rating in a research report on Tuesday, June 30th. Barclays began coverage on shares of Block in a report on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 target price on the stock. Needham & Company LLC lifted their price target on shares of Block from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird lifted their price target on shares of Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, July 2nd. Finally, Canaccord Genuity Group boosted their price target on shares of Block from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.88.

Read Our Latest Stock Report on Block

Block Trading Up 0.0%

NYSE:XYZ opened at $79.05 on Thursday. The firm has a market cap of $47.05 billion, a PE ratio of 141.16, a price-to-earnings-growth ratio of 0.95 and a beta of 2.53. The stock has a fifty day moving average price of $76.71 and a 200 day moving average price of $68.03. Block has a 12-month low of $48.21 and a 12-month high of $86.75. The company has a current ratio of 2.21, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ – Get Free Report) last released its earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The firm had revenue of $6.62 billion during the quarter. During the same period in the previous year, the firm earned $0.62 earnings per share. The company’s revenue for the quarter 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. Sell-side analysts anticipate that Block will post 2.48 earnings per share for the current fiscal year.

Insider Transactions at Block

In related news, Director Anthony Mathew Eisen sold 135,750 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the completion of the sale, the director owned 2,032,990 shares in the company, valued at $156,153,961.90. The trade was a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amrita Ahuja sold 8,971 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $85.85, for a total value of $770,160.35. Following the sale, the chief financial officer owned 454,275 shares of the company’s stock, valued at approximately $38,999,508.75. The trade was a 1.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 441,179 shares of company stock valued at $34,543,835. 11.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Block

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. purchased a new stake in shares of Block during the 2nd quarter worth approximately $1,866,000. Brown Advisory Inc. purchased a new position in shares of Block in the 2nd quarter valued at $516,000. Jump Financial LLC purchased a new position in shares of Block in the 2nd quarter valued at $385,000. Federated Hermes Inc. purchased a new position in shares of Block in the 2nd quarter valued at $53,000. Finally, Cerity Partners LLC acquired a new stake in Block during the 2nd quarter worth $1,861,000. 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: Quarterly results exceeded expectations. Block reported second-quarter EPS of $1.02, well above estimates of $0.48–$0.86 and up from $0.62 a year earlier. Revenue increased 9.3% year over year to $6.62 billion, with Cash App and Square contributing to the performance. Block Q2 Earnings and Revenues Beat Estimates
Positive Sentiment: Management raised its outlook. Block guided to third-quarter EPS of $1.02 versus the $0.93 consensus and fiscal 2026 EPS of $4.02 versus expectations of $3.62. Management also cited 25% gross-profit growth, record margins and improving momentum from AI-focused products. Block Q2 Earnings Call Highlights
Positive Sentiment: Analysts became more bullish. Monness Crespi & Hardt raised its price target from $115 to $125 and initiated a “buy” rating. TD Cowen raised its target to $105, while RBC, Keefe, Bruyette & Woods, Susquehanna and Needham also increased targets, generally maintaining positive ratings.
Positive Sentiment: Options activity suggested increased bullish interest. Investors bought 42,107 call options, approximately 55% above average daily call volume. This indicates heightened speculative interest, though it does not guarantee continued gains.
Neutral Sentiment: Block’s AI and cost-reduction strategy is gaining investor attention. The company’s workforce reductions and greater emphasis on artificial intelligence appear to be supporting efficiency and profitability, but investors will want evidence that growth remains durable.
Negative Sentiment: Insiders sold shares. Director Anthony Mathew Eisen sold 47,000 shares for approximately $4.0 million across two transactions, and Brian Grassadonia sold 25,908 shares for about $2.1 million. The sales were executed under pre-arranged Rule 10b5-1 plans, reducing their significance, but repeated insider selling may weigh on sentiment.
Negative Sentiment: Valuation leaves limited room for disappointment. With Block trading near its 52-week high and at an elevated earnings multiple, the stock may remain sensitive to any slowdown in Cash App, Square or AI-related profitability.

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.