Block (XYZ) News Today

Block, Inc. (NYSE: XYZ) has seen its shares react to a wave of mixed analyst ratings and second-quarter results. Bulls pointed to earnings beats and reiterated “buy” or “overweight” calls with raised price targets, while a few firms stayed cautious with “sell” and “underweight” stances. Below is a summary of recent developments that are influencing investor sentiment.

• Positive Sentiment: KeyCorp raised its price target from $60 to $100 and maintained an "overweight" rating, forecasting 33.8% upside. Benzinga
• Positive Sentiment: Needham & Company reaffirmed its "buy" rating and lifted its price target to $100 from $80, implying 33.8% upside. The Fly
• Positive Sentiment: Keefe, Bruyette & Woods boosted its price target to $95 and kept an "outperform" rating, suggesting 27.1% upside. Benzinga
• Positive Sentiment: Bank of America raised its price target to $94 with a "buy" rating, projecting 25.8% upside. Benzinga
• Positive Sentiment: Block beat second-quarter EPS estimates ($0.62 vs. $0.60 consensus) and, despite a slight revenue miss, raised its full-year gross profit forecast—news that sparked an 11% post-earnings rally. Reuters
• Neutral Sentiment: Block released its Q2 earnings presentation, detailing growth initiatives across payments, Bitcoin, banking and BNPL. Seeking Alpha
• Neutral Sentiment: PYMNTS covers Block’s strategic expansion beyond core payments into Bitcoin, banking and buy-now-pay-later services, outlining long-term growth avenues. PYMNTS
• Neutral Sentiment: Zacks examines key Q2 metrics—year-over-year revenue down 1.6% but operating income up—and compares them to estimates for additional context. Zacks
• Neutral Sentiment: MarketBeat notes a mixed Q2: EPS of $0.62 topped consensus, while revenue of $6.05B missed $6.32B forecasts and was down 1.6% year-over-year. MarketBeat
• Neutral Sentiment: A YouTube preview discusses how Square and Cash App growth might be tempered by Bitcoin-related volatility ahead of the next earnings release. YouTube
• Negative Sentiment: Compass Point reaffirmed a "sell" rating on Block and cut its price target to $65, implying 13% downside. The Fly
• Negative Sentiment: Piper Sandler lifted its price target to $58 but kept an "underweight" stance, indicating 22.4% downside. Benzinga