TD Cowen Boosts Block (NYSE:XYZ) Price Target to $95.00

Block (NYSE:XYZ) had its target price increased by analysts at TD Cowen from $91.00 to $95.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. TD Cowen’s target price points to a potential upside of 50.92% from the stock’s current price.

Several other research firms have also issued reports on XYZ. Royal Bank Of Canada restated an “outperform” rating and issued a $90.00 price target on shares of Block in a research report on Thursday, November 20th. The Goldman Sachs Group dropped their price objective on shares of Block from $96.00 to $82.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Compass Point upgraded shares of Block from a “strong sell” rating to a “hold” rating in a research note on Friday, November 21st. Citigroup reduced their price target on Block from $105.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Finally, Mizuho upped their price objective on shares of Block from $88.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.97.

Block Stock Performance

Shares of NYSE XYZ traded up $8.42 during midday trading on Friday, reaching $62.95. 29,171,934 shares of the company traded hands, compared to its average volume of 8,544,666. Block has a 52 week low of $44.27 and a 52 week high of $82.50. The company has a market cap of $38.25 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 1.07 and a beta of 2.67. The stock has a 50-day moving average price of $61.30 and a 200 day moving average price of $68.28. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.18 and a quick ratio of 2.18.

Block (NYSE:XYZ) last posted its quarterly earnings data on Thursday, February 26th. The technology company reported $0.65 earnings per share (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 12.99% and a return on equity of 5.54%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business earned $0.71 earnings per share. Sell-side analysts anticipate that Block will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Amrita Ahuja sold 1,101 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $63.98, for a total transaction of $70,441.98. Following the completion of the sale, the chief financial officer directly owned 271,864 shares of the company’s stock, valued at $17,393,858.72. This trade represents a 0.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Ajmere Dale sold 1,173 shares of Block stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $65.09, for a total value of $76,350.57. Following the completion of the transaction, the chief accounting officer directly owned 98,412 shares of the company’s stock, valued at $6,405,637.08. This represents a 1.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 16,797 shares of company stock worth $940,298 in the last quarter. 10.85% of the stock is owned by company insiders.

Institutional Trading of Block

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

Key Block News

Here are the key news stories impacting Block this week:

• Positive Sentiment: Q4 results and guidance: Block reported Q4 EPS roughly in line to slightly above consensus and revenue up year-over-year; management raised its 2026 outlook, which investors see as a near-term fundamental catalyst. Article Title
• Positive Sentiment: Large workforce reduction framed as efficiency/AI pivot: Management announced cuts of ~4,000 roles (nearly half the workforce) to embed AI across operations — investors are pricing in faster margin improvement and productivity gains. Article Title
• Positive Sentiment: Analyst upgrades and higher price targets followed the news: Multiple firms raised ratings/targets (e.g., Morgan Stanley upgrade and several price-target increases), giving buy-side validation to the strategy. Article Title
• Neutral Sentiment: Broader market context: Negative pre-market futures and macro volatility (oil, inflation data) are creating choppy conditions that could amplify moves in high-beta names like XYZ. Article Title
• Negative Sentiment: One-time restructuring costs: The layoffs will generate $450M–$500M of severance and related charges, which will pressure near-term earnings despite longer-term savings. Article Title
• Negative Sentiment: Durability questions and downgrades: Some analysts and commentaries warn the cost/benefit from rapid AI-driven cuts may be short-lived and a downgrade was published suggesting gains could fade. Article Title
• Negative Sentiment: Legal and reputational risk: An investor-rights firm is probing whether officers/directors breached duties related to recent actions; broader scrutiny and public backlash over mass layoffs could create governance/PR headwinds. Article Title

About Block

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.