Block (NYSE:XYZ) Price Target Raised to $100.00 at Susquehanna

Key Points

• Susquehanna raised Block’s price target from $90 to $100 and maintained a positive rating, implying 18.76% upside from the prior close.
• Block reported quarterly EPS of $1.02, beating the $0.48 consensus estimate, while revenue increased 9.3% year over year to $6.62 billion. The company also issued earnings guidance above Wall Street expectations.
• Block holds a consensus “Moderate Buy” rating, though its valuation remains elevated at a P/E ratio of 65.78; insiders have sold approximately $29.8 million in stock over the past 90 days.

Block (NYSE:XYZ - Get Free Report) had its price target lifted by stock analysts at Susquehanna from $90.00 to $100.00 in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a "positive" rating on the technology company's stock. Susquehanna's target price would suggest a potential upside of 18.76% from the company's previous close.

XYZ has been the topic of several other research reports. Robert W. Baird raised their price target on shares of Block from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, July 2nd. Jefferies Financial Group assumed coverage on shares of Block in a research note on Tuesday, June 30th. They set a "hold" rating for the company. Weiss Ratings raised shares of Block from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, June 1st. BTIG Research raised their target price on shares of Block from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Morgan Stanley restated an "overweight" rating on shares of Block in a report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $90.47.

Block Stock Performance

Shares of NYSE:XYZ opened at $84.20 on Thursday. The firm has a market capitalization of $50.11 billion, a PE ratio of 65.78, 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 current ratio of 1.99 and a quick ratio of 1.99. The business has a 50-day moving average of $76.54 and a two-hundred day moving average of $67.85. Block has a 12 month low of $48.21 and a 12 month high of $86.75.

Block (NYSE:XYZ - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.54. The business had revenue of $6.62 billion for the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, research analysts forecast that Block will post 2.48 earnings per share for the current year.

Insider Activity at Block

In other news, insider Brian Grassadonia sold 25,908 shares of Block stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $81.64, for a total transaction of $2,115,129.12. Following the sale, the insider owned 531,746 shares in the company, valued at $43,411,743.44. This trade represents a 4.65% decrease in their ownership of the stock. The transaction 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. Also, Director Anthony Mathew Eisen sold 6,000 shares of the business's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $81.52, for a total transaction of $489,120.00. Following the transaction, the director directly owned 1,613,672 shares in the company, valued at approximately $131,546,541.44. The trade was a 0.37% 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 385,208 shares of company stock valued at $29,755,405 in the last ninety days. 11.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Block

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XYZ. Ameriprise Financial Inc. acquired a new stake in Block in the second quarter valued at $535,305,000. Norges Bank bought a new position in Block during the 4th quarter valued at $484,387,000. Viking Global Investors LP acquired a new position in Block during the 2nd quarter worth $368,213,000. Capital World Investors grew its holdings in Block by 41.8% during the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company's stock worth $1,042,966,000 after acquiring an additional 4,727,217 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Block by 528.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company's stock worth $199,153,000 after purchasing an additional 2,782,523 shares during the last quarter. 70.44% of the stock is owned by hedge funds and other institutional investors.

Block News Summary

Here are the key news stories impacting Block this week:

• Positive Sentiment: Quarterly earnings and revenue beat expectations. Block reported adjusted EPS of $1.02, 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: Management raised earnings guidance above Wall Street expectations. Block forecast third-quarter EPS of $1.02 versus consensus of $0.93 and full-year 2026 EPS of $4.02 versus consensus of $3.62. The outlook suggests improving cost control and operating leverage. Block Announces Second Quarter 2026 Results
• Positive Sentiment: Analysts became more bullish. Needham raised its price target from $95 to $100 and maintained a “buy” rating. Cantor Fitzgerald reaffirmed its “overweight” rating with a $95 target, implying additional upside from recent levels.
• Positive Sentiment: AI and restructuring efforts are beginning to support profitability. Block’s plan to reduce its workforce by approximately 40% and emphasize artificial intelligence appears to be contributing to lower costs and better earnings, though the strategy remains in its early stages. Block's AI Overhaul Starts Showing Up in Results
• Neutral Sentiment: Valuation and technical positioning warrant caution. Block has a “Moderate Buy” consensus rating and an average analyst target of $89.40, but its P/E ratio is approximately 65.8 and the stock is near its 52-week high, leaving limited room for execution mistakes.
• Negative Sentiment: Insider selling could weigh on sentiment. Director Brian Grassadonia sold 25,908 shares worth about $2.1 million under a pre-arranged Rule 10b5-1 plan. The scheduled nature of the sale reduces its significance, but it follows other recent sales by the insider. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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