Block (NYSE:XYZ) Stock Price Target Raised at Rothschild & Co Redburn

Block (NYSE:XYZ) had its price target hoisted by stock analysts at Rothschild & Co Redburn from $75.00 to $85.00 in a report issued on Tuesday. Rothschild & Co Redburn‘s target price indicates a potential downside of 1.07% from the company’s previous close.

Several other research analysts have also commented on the company. TD Cowen lifted their price target on Block from $105.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday. Clear Str raised Block to a “hold” rating in a report on Thursday, July 16th. Scotiabank raised their target price on shares of Block from $82.00 to $89.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Canaccord Genuity Group lifted their target price on shares of Block from $85.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, Barclays lifted their target price on shares of Block from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, Block currently has an average rating of “Moderate Buy” and an average price target of $99.34.

Block Stock Performance

Shares of XYZ traded up $1.88 during midday trading on Tuesday, reaching $85.92. 2,747,583 shares of the stock were exchanged, compared to its average volume of 6,191,620. The business’s 50-day moving average price is $77.90 and its 200 day moving average price is $71.39. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.23 and a quick ratio of 2.21. Block has a twelve month low of $48.21 and a twelve month high of $88.51. The company has a market capitalization of $51.62 billion, a price-to-earnings ratio of 116.34, a PEG ratio of 0.92 and a beta of 2.58.

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

Insider Activity at Block

In related news, Director Anthony Eisen sold 6,000 shares of the stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $74.44, for a total transaction of $446,640.00. Following the completion of the sale, the director directly owned 1,212,672 shares of the company’s stock, valued at $90,271,303.68. This trade represents a 0.49% decrease in their ownership of the stock. The sale 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. Insiders sold a total of 226,686 shares of company stock worth $17,861,807 in the last three months. 11.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Block

Large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Block during the second quarter worth about $621,703,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Block by 18.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,194,419 shares of the technology company’s stock worth $234,886,000 after purchasing an additional 494,083 shares in the last quarter. Hyperion Asset Management Ltd lifted its position in Block by 6.9% in the second quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company’s stock valued at $203,897,000 after purchasing an additional 172,848 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Block by 528.2% in the first 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 period. Finally, Dimensional Fund Advisors LP lifted its position in Block by 1.3% in the first 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 period. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Block News Roundup

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

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.