Block (NYSE:XYZ) Stock Price Expected to Rise, Rothschild & Co Redburn Analyst Says

Block (NYSE:XYZ) had its target price increased by investment analysts at Rothschild & Co Redburn from $75.00 to $85.00 in a research report issued on Tuesday. The firm currently has a “neutral” rating on the technology company’s stock. Rothschild & Co Redburn‘s price objective would suggest a potential downside of 1.55% from the company’s previous close.

A number of other brokerages have also recently weighed in on XYZ. Robert W. Baird raised their price objective on shares of Block from $105.00 to $106.00 and gave the stock an “outperform” rating in a research note on Friday, October 2nd. Wells Fargo & Company increased their target price on Block from $97.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday. BTIG Research reissued a “buy” rating and set a $100.00 price target on shares of Block in a research report on Wednesday, October 28th. Argus boosted their price target on Block from $103.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday. Finally, KeyCorp boosted their price target on Block from $105.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Block currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.24.

Block Price Performance

XYZ traded up $2.30 on Tuesday, hitting $86.34. 2,877,928 shares of the company were exchanged, compared to its average volume of 6,193,499. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 2.23. The business’s fifty day moving average is $77.90 and its 200 day moving average is $71.39. Block has a fifty-two week low of $48.21 and a fifty-two week high of $88.51. The firm has a market capitalization of $51.87 billion, a P/E ratio of 116.65, a price-to-earnings-growth ratio of 0.92 and a beta of 2.58.

Block (NYSE:XYZ) last announced its earnings results on Tuesday, November 3rd. The technology company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.45. Block had a net margin of 1.80% and a return on equity of 9.63%. The company had revenue of $6.72 billion during the quarter. During the same quarter in the previous year, the firm posted $0.54 EPS. The business’s revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Block will post 2.75 EPS for the current year.

Insider Buying and Selling

In other Block news, Director Anthony Eisen sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $81.48, for a total value of $488,880.00. Following the completion of the transaction, the director owned 1,482,672 shares in the company, valued at $120,808,114.56. This represents a 0.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 8,173 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $82.42, for a total value of $673,618.66. Following the completion of the transaction, the insider directly owned 513,981 shares of the company’s stock, valued at $42,362,314.02. This represents a 1.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 226,686 shares of company stock valued at $17,861,807. Corporate insiders own 11.37% of the company’s stock.

Hedge Funds Weigh In On Block

Several large investors have recently bought and sold shares of XYZ. Fifth Third Bancorp raised its position in Block by 0.8% in the third quarter. Fifth Third Bancorp now owns 68,798 shares of the technology company’s stock worth $5,059,000 after acquiring an additional 540 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in Block by 11.2% in the 3rd quarter. Maryland State Retirement & Pension System now owns 31,914 shares of the technology company’s stock worth $2,347,000 after purchasing an additional 3,226 shares during the last quarter. Jacobi Capital Management LLC bought a new stake in Block during the 3rd quarter valued at approximately $126,000. First Command Advisory Services Inc. grew its position in Block by 209.9% in the 3rd quarter. First Command Advisory Services Inc. now owns 2,950 shares of the technology company’s stock worth $217,000 after purchasing an additional 1,998 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC acquired a new position in shares of Block in the third quarter valued at $3,017,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Trending Headlines about Block

Here are the key news stories impacting Block this week:

• Positive Sentiment: Block’s third-quarter results beat expectations: earnings per share were $1.13 versus the $0.68 consensus, while revenue rose 9.9% year over year. Cash App lending and Square growth helped lift gross profit 22% to $3.24 billion, and the company raised its 2026 outlook. Shares recently reached a 52-week high following the results. Article: Block earnings lift outlook Article: Block Q3 earnings beat estimates
• Positive Sentiment: Several firms raised price targets, reinforcing optimism: Wells Fargo lifted its target to $110, TD Cowen to $109, Barclays and Argus to $105, and RBC to $103. Needham reiterated its Buy rating, while TD Cowen and Susquehanna also expressed expectations for further gains. Wells Fargo forecast Argus target increase Barclays target increase
• Positive Sentiment: Traders also purchased a large volume of Block call options, suggesting bullish positioning, though options activity can be speculative. Call options activity
• Neutral Sentiment: Morgan Stanley raised its target to $82 but maintained an Equal Weight rating; Scotiabank also kept a Sector Perform rating. Their views are more cautious than the broader cluster of Buy and Outperform calls.
• Negative Sentiment: Block is making its second round of job cuts this year, affecting employees in Cash App. The cuts may reduce costs, but the timing shortly after strong earnings could raise questions about staffing and business needs. Article: Block job cuts

About Block

Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.

Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.

For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.