Block (XYZ) News Today

Block, Inc. (NYSE:XYZ): Shares are moving today on the back of its upcoming inclusion in the S&P 500 as well as fresh analyst revisions and an insider sale. Investors are weighing the boost from the index addition against earnings estimate cuts and a continued insider sell-down.

• Positive Sentiment: Block to join the S&P 500 on July 23, marking a major milestone and broadening its appeal to index-tracking funds. Block Set to Join the S&P 500
• Positive Sentiment: Shares jumped on the S&P 500 inclusion news, reflecting strong market optimism around the index entry. Block shares soar 10% on entry into S&P 500
• Positive Sentiment: Evercore ISI raised its price target to $85.00 and kept an “outperform” rating, citing further upside potential. Benzinga
• Positive Sentiment: Deutsche Bank started coverage with a $82.00 price target and a “buy” rating, underlining confidence in Block’s growth trajectory. XYZ: Block resumed with a Buy at Deutsche Bank
• Neutral Sentiment: Insider Dhananjay Prasanna sold 800 shares at an average of $70.00, a routine SEC-filed transaction representing a 0.26% ownership reduction. SEC Filing
• Negative Sentiment: Seaport Research Partners cut Q2 EPS estimates from $0.52 to $0.28 and maintained a “hold” rating, flagging near-term earnings pressure. Seaport Res Ptn Issues Negative Estimate for Block Earnings
• Negative Sentiment: Truist Financial lowered its price target to $65.00 and kept a “sell” rating, suggesting further downside risk. Benzinga