KeyCorp Issues Positive Forecast for Block (NYSE:XYZ) Stock Price

Block (NYSE:XYZ) had its price objective hoisted by KeyCorp from $100.00 to $105.00 in a research report report published on Thursday morning, MarketBeat reports. They currently have an overweight rating on the technology company’s stock.

Several other brokerages have also recently issued reports on XYZ. Piper Sandler raised shares of Block from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $58.00 to $100.00 in a report on Monday, June 29th. Royal Bank Of Canada increased their price target on shares of Block from $90.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Loop Capital started coverage on shares of Block in a research report on Tuesday, March 31st. They set a “buy” rating and a $75.00 price target for the company. Zacks Research raised shares of Block from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. Finally, Jefferies Financial Group started coverage on shares of Block in a report on Tuesday, June 30th. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Block has an average rating of “Moderate Buy” and an average price target of $89.48.

Block Price Performance

Shares of NYSE:XYZ opened at $76.64 on Thursday. The business has a fifty day moving average price of $74.30 and a 200-day moving average price of $67.00. 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 company has a market capitalization of $45.61 billion, a PE ratio of 59.87, a PEG ratio of 0.98 and a beta of 2.54. Block has a 1-year low of $48.21 and a 1-year high of $84.08.

Block (NYSE:XYZ) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 7.02%. The company had revenue of $6.06 billion for the quarter. During the same quarter in the previous year, the firm earned $0.56 EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. As a group, equities analysts expect that Block will post 2.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other Block news, Director Anthony Mathew Eisen sold 135,750 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the transaction, the director owned 2,032,990 shares in the company, valued at approximately $156,153,961.90. This represents a 6.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Amrita Ahuja sold 8,093 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $75.00, for a total transaction of $606,975.00. Following the sale, the chief financial officer directly owned 463,246 shares in the company, valued at approximately $34,743,450. The trade was a 1.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 323,300 shares of company stock valued at $24,742,756. 11.37% of the stock is owned by insiders.

Institutional Investors Weigh In On Block

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital World Investors raised its stake in Block by 41.8% during the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock valued at $1,042,966,000 after buying an additional 4,727,217 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Block by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock worth $934,121,000 after buying an additional 67,560 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Block in the 2nd quarter worth $535,305,000. Norges Bank bought a new stake in shares of Block in the fourth quarter worth $484,387,000. Finally, Tiger Global Management LLC grew its holdings in shares of Block by 43.9% in the fourth quarter. Tiger Global Management LLC now owns 6,364,840 shares of the technology company’s stock worth $414,287,000 after acquiring an additional 1,941,528 shares during the period. Hedge funds and other institutional investors own 70.44% of the company’s stock.

About Block

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.