Robert W. Baird Issues Positive Forecast for Block (NYSE:XYZ) Stock Price

Key Points

• Robert W. Baird raised Block’s price target from $105 to $106 and maintained an “outperform” rating, implying 43.19% upside from the prior close.
• Analyst sentiment remains favorable, with Block carrying a consensus “Moderate Buy” rating and an average price target of $95.45.
• Block reported quarterly EPS of $1.02, surpassing the $0.48 consensus estimate, while revenue rose 9.3% year over year to $6.62 billion.

Block (NYSE:XYZ - Get Free Report) had its price objective lifted by stock analysts at Robert W. Baird from $105.00 to $106.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an "outperform" rating on the technology company's stock. Robert W. Baird's price objective would suggest a potential upside of 43.19% from the stock's previous close.

Several other analysts have also weighed in on the stock. Cantor Fitzgerald reiterated an "overweight" rating and set a $95.00 target price on shares of Block in a research report on Friday, September 25th. Susquehanna increased their price target on shares of Block from $90.00 to $100.00 and gave the stock a "positive" rating in a research report on Thursday, August 6th. UBS Group lifted their price objective on Block from $92.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Monness Crespi & Hardt upped their price objective on Block from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Finally, Canaccord Genuity Group upped their price objective on Block from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have issued a Hold 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 target price of $95.45.

Block Stock Performance

XYZ opened at $74.03 on Friday. The stock's 50 day simple moving average is $79.84 and its 200-day simple moving average is $73.64. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The stock has a market cap of $44.48 billion, a PE ratio of 132.20, a P/E/G ratio of 0.77 and a beta of 2.55. Block has a 1 year low of $48.21 and a 1 year high of $86.92.

Block (NYSE:XYZ - Get Free Report) last issued its earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The firm had revenue of $6.62 billion during the quarter. During the same period last year, the business earned $0.62 earnings per share. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Sell-side analysts forecast that Block will post 2.74 EPS for the current year.

Insider Activity

In related news, Director Anthony Eisen sold 6,000 shares of Block stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $74.33, for a total transaction of $445,980.00. Following the completion of the transaction, the director directly owned 1,332,672 shares of the company's stock, valued at $99,057,509.76. This trade represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 296,565 shares of company stock worth $24,020,586. Company insiders own 11.37% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC lifted its stake in shares of Block by 7.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company's stock valued at $79,749,000 after purchasing an additional 82,446 shares during the period. Jones Financial Companies Lllp bought a new position in shares of Block in the 2nd quarter worth $366,000. Eurizon Asset Management Hungary Ltd. acquired a new stake in shares of Block during the fourth quarter worth $976,000. PNC Financial Services Group Inc. grew its stake in shares of Block by 35.7% during the first quarter. PNC Financial Services Group Inc. now owns 69,637 shares of the technology company's stock worth $4,191,000 after purchasing an additional 18,326 shares during the period. Finally, CIBC Asset Management Inc increased its holdings in Block by 67.3% in the fourth quarter. CIBC Asset Management Inc now owns 129,818 shares of the technology company's stock valued at $8,450,000 after purchasing an additional 52,238 shares during the last quarter. Institutional investors own 70.44% of the company's stock.

Block Company Profile

Block, Inc NYSE: XYZ, formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business.

Block's Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants.

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