Block (NYSE:XYZ) Stock Gets Price Target Boost from Robert W. Baird

Block (NYSE:XYZ) had its target price boosted by equities research analysts at Robert W. Baird from $105.00 to $106.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Robert W. Baird’s price target suggests a potential upside of 43.19% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Monness Crespi & Hardt upped their target price on shares of Block from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. KeyCorp upped their price objective on Block from $105.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Susquehanna lifted their target price on Block from $90.00 to $100.00 and gave the company a “positive” rating in a research report on Thursday, August 6th. Wolfe Research upped their price target on Block from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Finally, UBS Group boosted their price objective on shares of Block from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $95.45.

Block Price Performance

NYSE XYZ opened at $74.03 on Friday. The business has a 50 day simple moving average of $79.84 and a 200 day simple moving average of $73.64. Block has a 52-week low of $48.21 and a 52-week high of $86.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. The stock has a market cap of $44.48 billion, a price-to-earnings ratio of 132.20, a PEG ratio of 0.77 and a beta of 2.55.

Block (NYSE:XYZ) last announced 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. The firm had revenue of $6.62 billion for the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $0.62 earnings per share. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Analysts anticipate that Block will post 2.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Block

In other Block news, insider Brian Grassadonia sold 25,908 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $81.64, for a total transaction of $2,115,129.12. Following the transaction, the insider owned 531,746 shares of the company’s stock, valued at $43,411,743.44. The trade was a 4.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $82.43, for a total value of $783,991.73. Following the sale, the chief financial officer owned 423,262 shares in the company, valued at approximately $34,889,486.66. This represents a 2.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 296,565 shares of company stock worth $24,020,586 over the last ninety days. 11.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Block

A number of large investors have recently added to or reduced their stakes in XYZ. BlackRock Inc. bought a new position in shares of Block in the 2nd quarter valued at about $621,703,000. Capital World Investors raised its holdings in shares of Block by 41.8% in the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock valued at $1,042,966,000 after purchasing an additional 4,727,217 shares during the period. Contour Asset Management LLC raised its holdings in shares of Block by 30.4% in the 4th quarter. Contour Asset Management LLC now owns 4,666,891 shares of the technology company’s stock valued at $303,768,000 after purchasing an additional 1,088,299 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Block by 528.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock valued at $199,153,000 after purchasing an additional 2,782,523 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Block by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company’s stock valued at $189,353,000 after purchasing an additional 39,112 shares during the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

Block Company Profile

Block, Inc (NYSE:XYZ), formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business.

Block’s Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants.