TD Cowen Issues Positive Forecast for Block (NYSE:XYZ) Stock Price

Block (NYSE:XYZ) had its target price boosted by TD Cowen from $91.00 to $95.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the company. Needham & Company LLC boosted their price objective on Block from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday. Keefe, Bruyette & Woods cut their price target on Block from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, January 2nd. Stephens restated an “overweight” rating and set a $95.00 price target on shares of Block in a report on Thursday, November 20th. BNP Paribas Exane raised Block from a “hold” rating to an “outperform” rating and set a $83.00 price objective for the company in a research note on Wednesday, January 7th. Finally, Truist Financial set a $72.00 target price on shares of Block in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $82.97.

Block Price Performance

Shares of XYZ stock traded up $9.24 on Friday, reaching $63.77. The company had a trading volume of 40,637,067 shares, compared to its average volume of 9,332,151. The stock has a market capitalization of $38.75 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 1.12 and a beta of 2.67. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.25. The business’s 50-day moving average is $61.27 and its 200 day moving average is $68.22. Block has a one year low of $44.27 and a one year high of $82.50.

Block (NYSE:XYZ) last issued its quarterly earnings data on Thursday, February 26th. The technology company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.26 by $0.39. The business had revenue of $6.25 billion during the quarter. Block had a net margin of 5.40% and a return on equity of 6.67%. Block’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. Equities research analysts forecast that Block will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Amrita Ahuja sold 1,101 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $63.98, for a total transaction of $70,441.98. Following the transaction, the chief financial officer directly owned 271,864 shares of the company’s stock, valued at $17,393,858.72. This represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Grassadonia sold 10,349 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $50.00, for a total transaction of $517,450.00. Following the completion of the sale, the insider owned 503,784 shares of the company’s stock, valued at $25,189,200. The trade was a 2.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,797 shares of company stock valued at $940,298 over the last 90 days. 10.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Block

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cromwell Holdings LLC bought a new position in shares of Block in the third quarter valued at approximately $27,000. City Holding Co. purchased a new stake in Block in the 3rd quarter valued at $27,000. Nemes Rush Group LLC bought a new position in Block during the 2nd quarter valued at $26,000. Cary Street Partners Investment Advisory LLC bought a new position in Block during the 3rd quarter valued at $28,000. Finally, Traub Capital Management LLC purchased a new position in Block during the 2nd quarter worth $26,000. Institutional investors own 70.44% of the company’s stock.

Trending Headlines about Block

Here are the key news stories impacting Block this week:

• Positive Sentiment: Management announced cuts of roughly 4,000 roles (nearly half the workforce) and said it will accelerate integrating AI to boost efficiency — a move investors interpreted as materially lowering future operating costs and improving margins. Reuters: Block shares soar as Dorsey leans on AI
• Positive Sentiment: Block reported Q4 results with EPS roughly in line with consensus and revenue up year-over-year (~$6.25B), and management raised 2026 outlook — the combination supported the rally. Zacks: Block Stock Soars
• Positive Sentiment: Multiple firms raised ratings/price targets (TD Cowen, Morgan Stanley, Needham, Oppenheimer, BTIG, Cantor Fitzgerald), signaling analyst confidence that the restructuring and AI investments boost long-term value. Benzinga roundup
• Neutral Sentiment: Macro headwinds and market volatility are present (weak futures / sector rotation), which could cap broader market upside even as Block-specific news drives the stock. Zacks: Oil Surges / Market Moves
• Negative Sentiment: The restructuring will incur substantial one-time costs (reported $450–$500M in severance and charges), which will weigh on near-term cash flow and reported results. WSJ: Layoff costs
• Negative Sentiment: Some analysts and commentators caution the boost from cuts and AI may not be durable; Seeking Alpha flagged a downgrade risk, and regulators/law firms (Halper Sadeh) are probing potential fiduciary issues — both represent execution and governance risks. Seeking Alpha: Downgrade concerns PR Newswire: Investor probe

Block Company Profile

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.