Block (NYSE:XYZ) Price Target Raised to $125.00 at Monness Crespi & Hardt

Block (NYSE:XYZ) had its price target raised by Monness Crespi & Hardt from $115.00 to $125.00 in a research note released on Friday, Marketbeat reports. They currently have a buy rating on the technology company’s stock.

A number of other research firms have also recently commented on XYZ. Deutsche Bank Aktiengesellschaft raised shares of Block to a “buy” rating in a report on Tuesday, June 30th. The Goldman Sachs Group upgraded Block from a “buy” rating to a “buy” rating in a research note on Tuesday, June 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $95.00 price target on shares of Block in a research note on Thursday. Susquehanna boosted their price objective on Block from $90.00 to $100.00 and gave the company a “positive” rating in a research note on Thursday. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $97.00 price objective on shares of Block in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.88.

Block Stock Performance

NYSE XYZ opened at $79.05 on Friday. Block has a 52-week low of $48.21 and a 52-week high of $86.75. The company has a 50-day simple moving average of $76.71 and a 200 day simple moving average of $68.03. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 2.21. The company has a market capitalization of $47.05 billion, a PE ratio of 141.16, a price-to-earnings-growth ratio of 0.95 and a beta of 2.53.

Block (NYSE:XYZ) last announced 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 for the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 EPS. 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, research analysts predict that Block will post 2.61 EPS for the current year.

Insider Activity at Block

In related news, CFO Amrita Ahuja sold 8,971 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $85.85, for a total transaction of $770,160.35. Following the sale, the chief financial officer owned 454,275 shares of the company’s stock, valued at approximately $38,999,508.75. This represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 6,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $83.07, for a total value of $498,420.00. Following the completion of the transaction, the director owned 1,560,672 shares of the company’s stock, valued at approximately $129,645,023.04. This represents a 0.38% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 441,179 shares of company stock worth $34,543,835. 11.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Block

A number of large investors have recently modified their holdings of XYZ. Sound Income Strategies LLC grew its stake in Block by 57.1% during the fourth 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 in the last quarter. Elevation Wealth Partners LLC lifted its stake in Block by 301.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after purchasing an additional 292 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in Block in the 1st quarter worth approximately $31,000. Rachor Investment Advisory Services LLC bought a new position in Block in the 4th quarter valued at $32,000. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in Block by 57.6% in the 4th 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 period. 70.44% of the stock is currently owned by institutional investors.

Block News Roundup

Here are the key news stories impacting Block this week:

• Positive Sentiment: Quarterly results exceeded expectations. Block reported second-quarter EPS of $1.02, well above estimates of $0.48–$0.86 and up from $0.62 a year earlier. Revenue increased 9.3% year over year to $6.62 billion, with Cash App and Square contributing to the performance. Block Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised its outlook. Block guided to third-quarter EPS of $1.02 versus the $0.93 consensus and fiscal 2026 EPS of $4.02 versus expectations of $3.62. Management also cited 25% gross-profit growth, record margins and improving momentum from AI-focused products. Block Q2 Earnings Call Highlights
• Positive Sentiment: Analysts became more bullish. Monness Crespi & Hardt raised its price target from $115 to $125 and initiated a “buy” rating. TD Cowen raised its target to $105, while RBC, Keefe, Bruyette & Woods, Susquehanna and Needham also increased targets, generally maintaining positive ratings.
• Positive Sentiment: Options activity suggested increased bullish interest. Investors bought 42,107 call options, approximately 55% above average daily call volume. This indicates heightened speculative interest, though it does not guarantee continued gains.
• Neutral Sentiment: Block’s AI and cost-reduction strategy is gaining investor attention. The company’s workforce reductions and greater emphasis on artificial intelligence appear to be supporting efficiency and profitability, but investors will want evidence that growth remains durable.
• Negative Sentiment: Insiders sold shares. Director Anthony Mathew Eisen sold 47,000 shares for approximately $4.0 million across two transactions, and Brian Grassadonia sold 25,908 shares for about $2.1 million. The sales were executed under pre-arranged Rule 10b5-1 plans, reducing their significance, but repeated insider selling may weigh on sentiment.
• Negative Sentiment: Valuation leaves limited room for disappointment. With Block trading near its 52-week high and at an elevated earnings multiple, the stock may remain sensitive to any slowdown in Cash App, Square or AI-related profitability.

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.