Block (NYSE:XYZ) Price Target Raised to $89.00

07 Nov 2026, 17:03 by Kim Johansen · The Markets Daily

Block (NYSE:XYZ – Free Report) had its target price boosted by Scotiabank from $82.00 to $89.00 in a research note issued to investors on Wednesday,Benzinga reports. Scotiabank currently has a sector perform rating on the technology company’s stock.

Several other equities analysts have also recently commented on the stock. KeyCorp raised their target price on shares of Block from $105.00 to $108.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. BTIG Research reaffirmed a “buy” rating and issued a $100.00 price target on shares of Block in a research note on Wednesday, October 28th. Susquehanna increased their price objective on shares of Block from $100.00 to $110.00 and gave the company a “positive” rating in a report on Wednesday. Morgan Stanley raised their price objective on shares of Block from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, TD Cowen boosted their target price on Block from $105.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $98.36.

Get Our Latest Stock Analysis on Block

Block Stock Performance

XYZ stock traded up $1.54 during trading on Wednesday, reaching $85.58. 7,756,635 shares of the company’s stock were exchanged, compared to its average volume of 4,670,644. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. Block has a 1-year low of $48.21 and a 1-year high of $88.51. The company’s fifty day moving average price is $77.92 and its 200-day moving average price is $71.50. The firm has a market cap of $51.42 billion, a PE ratio of 115.65, a P/E/G ratio of 0.81 and a beta of 2.58.

Block (NYSE:XYZ – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The technology company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.45. The company had revenue of $6.72 billion during the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. On average, research analysts expect that Block will post 2.75 EPS for the current fiscal year.

Insider Buying and Selling

In other Block news, Director Anthony Eisen sold 35,000 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $87.50, for a total value of $3,062,500.00. Following the completion of the sale, the director directly owned 1,177,672 shares of the company’s stock, valued at approximately $103,046,300. This represents a 2.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 261,686 shares of company stock valued at $20,924,307 in the last quarter. 11.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Block

Several large investors have recently made changes to their positions in XYZ. BlackRock Inc. acquired a new position in shares of Block in the 2nd quarter worth approximately $621,703,000. Arrowstreet Capital Limited Partnership lifted its stake in Block by 528.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock valued at $199,153,000 after purchasing an additional 2,782,523 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Block by 18.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,194,419 shares of the technology company’s stock valued at $234,886,000 after purchasing an additional 494,083 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Block by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company’s stock worth $189,353,000 after buying an additional 39,112 shares in the last quarter. Finally, Hyperion Asset Management Ltd boosted its holdings in Block by 6.9% during the second quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company’s stock worth $203,897,000 after buying an additional 172,848 shares in the last quarter. Institutional investors own 70.44% of the company’s stock.

Block News Summary

Here are the key news stories impacting Block this week:

Positive Sentiment: Several firms raised price targets, reinforcing expectations for further gains. UBS lifted its target to $105, Raymond James to $100 while maintaining an “outperform” rating, and BMO to $102 with a “market perform” rating. Wells Fargo raised its target to $110 and Barclays to $105, both with “overweight” ratings; Argus raised its target to $105 and maintained “buy.” UBS rating Raymond James rating BMO target update Wells Fargo rating Barclays rating Argus rating
Positive Sentiment: Block reported better-than-expected earnings, with quarterly EPS of $1.13 versus the $0.68 consensus and revenue growth of 9.9% year over year. Shares subsequently reached a 52-week high, and traders bought a large volume of call options—signals of favorable investor expectations. Earnings and 52-week high Call options activity
Neutral Sentiment: Rothschild & Co Redburn raised its target from $75 to $85 but kept a “neutral” rating, putting its estimate close to the recent share price. Redburn target update
Negative Sentiment: Block reportedly made another round of job cuts this year, affecting employees in its Cash App businesses. The reductions may raise concerns about execution or operating pressures despite the recent earnings beat. Report on Block job cuts

Block Company Profile

(Get Free Report)

Block, Inc is a financial technology company that provides payment and commerce tools to businesses and financial services for consumers. Its products include Square, a platform offering payment processing, point-of-sale software and related business services, and Cash App, which provides person-to-person payments and other financial features.

The company also owns Afterpay, a buy-now, pay-later service, and TIDAL, a music and entertainment platform. Block serves businesses and consumers in the United States and other markets, with product availability varying by country.