Block’s (XYZ) Buy Rating Reaffirmed at BTIG Research

BTIG Research reaffirmed their buy rating on shares of Block (NYSE:XYZ) in a report published on Friday,Benzinga reports. They currently have a $90.00 price target on the technology company’s stock.

XYZ has been the topic of a number of other research reports. Arete Research upgraded Block from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Zacks Research upgraded Block from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Loop Capital assumed coverage on Block in a research report on Tuesday, March 31st. They issued a “buy” rating and a $75.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $90.00 price target on shares of Block in a research report on Tuesday, March 17th. Finally, Wall Street Zen lowered Block from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Block has a consensus rating of “Moderate Buy” and a consensus target price of $84.51.

Block Price Performance

Block stock opened at $74.86 on Friday. Block has a 52 week low of $48.21 and a 52 week high of $82.50. The stock has a fifty day moving average of $63.99 and a 200-day moving average of $64.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market capitalization of $44.85 billion, a P/E ratio of 58.48, a price-to-earnings-growth ratio of 1.02 and a beta of 2.57.

Block (NYSE:XYZ) last issued its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. Block had a return on equity of 6.97% and a net margin of 3.30%.The business had revenue of $6.06 billion during the quarter. During the same period in the previous year, the company earned $0.56 EPS. Block’s revenue for the quarter was up 4.9% on a year-over-year basis. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, sell-side analysts expect that Block will post 2.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Amrita Ahuja sold 30,919 shares of the company’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $75.00, for a total transaction of $2,318,925.00. Following the sale, the chief financial officer owned 500,816 shares in the company, valued at $37,561,200. This represents a 5.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Owen Britton Jennings sold 3,555 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $63.41, for a total value of $225,422.55. Following the sale, the insider owned 231,262 shares in the company, valued at approximately $14,664,323.42. The trade was a 1.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 49,725 shares of company stock worth $3,401,393 in the last quarter. 11.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in XYZ. Baird Financial Group Inc. bought a new position in Block in the second quarter worth approximately $1,866,000. Brown Advisory Inc. bought a new position in shares of Block in the second quarter valued at approximately $516,000. Jump Financial LLC bought a new position in shares of Block in the second quarter valued at approximately $385,000. Federated Hermes Inc. bought a new position in shares of Block in the second quarter valued at approximately $53,000. Finally, Cerity Partners LLC purchased a new stake in shares of Block during the second quarter valued at approximately $1,861,000. Institutional investors own 70.44% of the company’s stock.

Key Block News

Here are the key news stories impacting Block this week:

• Positive Sentiment: Block reported Q1 EPS of $0.85, well above estimates, while revenue came in at $6.06 billion and gross profit growth remained resilient across Cash App and Square. Block (XYZ) Q1 Earnings Surpass Estimates
• Positive Sentiment: Management raised 2026 guidance, with full-year EPS now expected at $3.85 and Q2 EPS guidance also above Wall Street expectations, reinforcing confidence in the company’s outlook. Block Lifts Guidance on Higher Payment Volumes, Boom in Lending
• Positive Sentiment: Several analysts turned more upbeat after the report, including Citigroup, RBC, KBW, Needham, and BTIG, with multiple firms raising price targets and reiterating buy/outperform ratings. Analyst price target updates on Block
• Neutral Sentiment: Some investors may note that one analyst, Piper Sandler, kept an underweight rating even while raising its price target, indicating there is still some debate over how much upside remains. Piper Sandler price target update on Block

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.