Block (NYSE:XYZ) Stock Price Expected to Rise, TD Cowen Analyst Says

Block (NYSE:XYZ) had its price objective hoisted by stock analysts at TD Cowen from $101.00 to $105.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. TD Cowen’s price objective would indicate a potential upside of 33.53% from the stock’s current price.

XYZ has been the topic of several other research reports. Rosenblatt Securities set a $100.00 price target on Block in a research note on Tuesday, June 30th. BTIG Research lifted their price objective on Block from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday. Barclays began coverage on Block in a report on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 target price on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $95.00 target price on shares of Block in a research note on Thursday. Finally, Truist Financial raised their price target on Block from $82.00 to $93.00 and gave the company a “buy” rating in a report on Friday, July 24th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $91.75.

Block Trading Down 6.6%

Shares of NYSE XYZ traded down $5.57 during trading hours on Thursday, hitting $78.63. The company’s stock had a trading volume of 8,130,091 shares, compared to its average volume of 6,819,024. Block has a 12 month low of $48.21 and a 12 month high of $86.75. The stock has a market cap of $46.80 billion, a price-to-earnings ratio of 61.69, a P/E/G ratio of 1.07 and a beta of 2.53. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. The business has a 50-day simple moving average of $76.54 and a 200-day simple moving average of $67.85.

Block (NYSE:XYZ) last issued its quarterly earnings data 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 business had revenue of $6.62 billion during the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business earned $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. On average, analysts anticipate that Block will post 2.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Anthony Mathew Eisen sold 135,750 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $76.81, for a total value of $10,426,957.50. Following the transaction, the director directly owned 2,032,990 shares of the company’s stock, valued at approximately $156,153,961.90. This represents a 6.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Amrita Ahuja sold 8,093 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $75.00, for a total value of $606,975.00. Following the completion of the transaction, the chief financial officer directly owned 463,246 shares in the company, valued at $34,743,450. This trade represents a 1.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 385,208 shares of company stock worth $29,755,405 in the last three months. Insiders own 11.37% of the company’s stock.

Institutional Investors Weigh In On Block

Several institutional investors have recently modified their holdings of XYZ. Elevation Wealth Partners LLC lifted its stake in Block by 301.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after acquiring an additional 292 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Block by 57.1% during the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock valued at $29,000 after acquiring an additional 161 shares during the last quarter. Rachor Investment Advisory Services LLC bought a new stake in shares of Block in the fourth quarter worth approximately $32,000. Global Assets Advisory LLC bought a new stake in shares of Block in the first quarter worth approximately $31,000. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in shares of Block by 57.6% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after purchasing an additional 223 shares during the last quarter. 70.44% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Block

Here are the key news stories impacting Block this week:

• Positive Sentiment: Second-quarter results exceeded expectations. Block reported $1.02 in EPS, up from $0.62 a year earlier and above estimates of $0.48–$0.86. Revenue rose 9.3% year over year to $6.62 billion. Block Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Block raised its earnings outlook above Wall Street forecasts. Third-quarter EPS guidance of $1.02 topped the $0.93 consensus, while full-year 2026 guidance of $4.02 exceeded the $3.62 estimate. The improved outlook reflects stronger margins, cost discipline and momentum across Square and Cash App. Block Q2 Earnings Call Highlights
• Positive Sentiment: Analysts responded favorably to the results. Needham and Susquehanna raised their price targets to $100, Keefe, Bruyette & Woods lifted its target to $100, and RBC increased its target to $95. Cantor Fitzgerald reaffirmed its overweight rating with a $95 target. Analyst price-target changes
• Positive Sentiment: AI and restructuring efforts are beginning to improve results. Block’s aggressive workforce reduction and focus on artificial intelligence appear to be supporting productivity, margins and product development, though the strategy is still early. Block’s AI Overhaul Starts Showing Up in Results
• Neutral Sentiment: Options activity points to increased speculative interest. Investors purchased 42,107 call options, 55% above typical daily volume. This suggests bullish positioning but does not guarantee sustained buying in the shares.
• Negative Sentiment: Valuation and insider selling remain risks. Block trades at a high earnings multiple, increasing sensitivity to future execution. Insider Brian Grassadonia sold 25,908 shares for approximately $2.1 million under a pre-arranged Rule 10b5-1 plan; the scheduled nature of the sale reduces its significance but may weigh modestly on sentiment. Brian Grassadonia insider transaction

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.