18 stories mentioning XYZUpdated 1d ago
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Block (XYZ) has an average rating of buy and mean price target of $89.87, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Anthony Mathew Eisen, Director, on June 09, 2026, sold 18,000 shares in Block (XYZ) for $1,209,180. Following the Form 4 filing with the SEC, Eisen has control over a total of 1,984,990 Class A common shares of the company, with 1,984,990 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1512673/000162828026042598/xslF345X05/wk-form4_1781215367.xml
Block's (XYZ) Square platform said Tuesday it has been selected by The Hat to manage operations across its 11 locations as the pastrami chain prepares to open its first store outside Southern California.Square said its Square for Restaurants system provides centralized menu management, real-time reporting, and unified commerce capabilities. The Hat also uses Square Register for high-volume counter service and Square Marketing for online customer engagement, according to a statement.Shares of Block were down 1.2% in Tuesday trading.Price: $69.80, Change: $-0.83, Percent Change: -1.18%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by $10 to $81, 16.7x our 2027 earnings estimate, vs. XYZ's three-year historical forward P/E average of 25.4x. We raise our 2026 EPS view to $3.85 from $3.62 and 2027's to $4.85 from $4.35. Following a strong first quarter, XYZ significantly raised its full-year 2026 guidance, and is now projecting 19% gross profit growth and over 60% growth in adjusted EPS. This confidence is fueled by accelerating momentum across its core businesses, including explosive growth in Cash App's lending products and renewed strength in Square's target verticals. Crucially, the quarter provided the first tangible proof of its AI-centric strategy, with management citing a 2.5x increase in engineer productivity and dramatically accelerated project timelines. While the 82% surge in lending originations introduces heightened credit risk, this is currently being managed by a disciplined underwriting model where loss rates on mature customer cohorts are proving to be healthy and predictable.
Financial stocks were lower late Friday afternoon, with the NYSE Financial Index decreasing 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.5%.The Philadelphia Housing Index was up 0.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.4%.Bitcoin (BTC-USD) rose 0.1% to $80,056, and the yield for 10-year US Treasuries lost 2.8 basis points to 4.36%.In economic news, the April employment report showed nonfarm payrolls rose by 115,000, above the 65,000 jobs rise expected in a Bloomberg survey, while March payrolls were revised up to a 185,000 increase and February payrolls were revised down to a 156,000 decrease.The University of Michigan's preliminary consumer sentiment index fell to 48.2 in May from 49.8 in April, lower than the expectations for a smaller decrease to 49.5 in a Bloomberg poll.In corporate news, Apollo Global Management (APO) and Blackstone (BX) are among the private-credit firms involved in discussions with Broadcom (AVGO) on $35 billion in financing, Bloomberg reported. Apollo shares rose 3.8%, and Blackstone added 1%.Block (XYZ) shares jumped past 7% after the company late Thursday reported higher adjusted earnings and revenue that also beat analysts' estimates.Two Harbors Investment (TWO) shares rose 1.3% after the firm said it signed an amended merger agreement with CrossCountry Mortgage to increase the all-cash buyout offer to $12 per share from $11.30.Goldman Sachs-backed (GS) Go is seeking a valuation of about 200 billion Japanese yen ($1.28 billion) for its initial public offering in Tokyo, Bloomberg reported. Goldman was up 1.1%.
Financial stocks were lower Friday afternoon, with the NYSE Financial Index decreasing 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.5%.The Philadelphia Housing Index rose 0.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.5%.Bitcoin (BTC-USD) eased 0.1% at $79,953, and the yield for 10-year US Treasuries was down 2.6 basis points to about 4.37%.In economic news, the April employment report showed nonfarm payrolls rose by 115,000, above the 65,000 jobs rise expected in a Bloomberg survey, while March payrolls were revised up to a 185,000 increase and February payrolls were revised down to a 156,000 decrease.The University of Michigan's preliminary consumer sentiment index fell to 48.2 in May from 49.8 in April, lower than the expectations for a smaller decrease to 49.5 in a Bloomberg poll.In corporate news, Block (XYZ) shares jumped past 9% after the company late Thursday reported higher adjusted earnings and revenue that also beat analysts' estimates.Two Harbors Investment (TWO) shares rose 1.2% after the firm said it signed an amended merger agreement with CrossCountry Mortgage to increase the all-cash buyout offer to $12 per share from $11.30.Goldman Sachs-backed (GS) Go is seeking a valuation of about 200 billion Japanese yen ($1.28 billion) for its initial public offering in Tokyo, Bloomberg reported. Goldman was up 0.6%.
Financial stocks were lower Friday afternoon, with the NYSE Financial Index decreasing 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.6%.The Philadelphia Housing Index rose 0.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.5%.Bitcoin (BTC-USD) eased 0.1% at $79,953, and the yield for 10-year US Treasuries was shedding 2.6 basis points to nearly 4.37%.In corporate news, Block (XYZ) shares jumped past 8% after the company late Thursday reported higher adjusted earnings and revenue that also beat analysts' estimates.
Block (XYZ) has an average rating of buy and mean price target of $88.42, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $75.21, Change: $+5.07, Percent Change: +7.22%
Block (XYZ) is seeing faster growth and margin expansion as momentum improves across Square and Cash App, supported by larger merchants, stronger lending activity and rising profitability, Morgan Stanley said in a Friday note.The firm said Square US gross payment volume accelerated to 8.2% from 7% in the previous quarter.Morgan Stanley said Cash App gross profit grew by 38% year over year, helped by consumer lending originations that rose 82% to $17.6 billion.Analysts also noted artificial intelligence tools are improving internal productivity and product velocity, with production code changes per engineer up more than 2.5 times from January to April.Morgan Stanley maintained the company's overweight rating and raised its price target to $96 from $93.Block shares were up 5.5% in Friday trading.Price: $73.92, Change: $+3.78, Percent Change: +5.38%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Block delivered strong Q1 results, with gross profit accelerating to 27% growth and adjusted EPS of $0.85 vs $0.68 consensus, driven by robust performance across both segments. Revenue of $6.06B beat estimates by $30M, while adjusted operating margin expanded 500 bps to a record 25%. The company's AI transformation is gaining material traction, with production code changes per engineer up 2.5x and incident rates declining 70%, as product development expenses fell 9% despite continued AI investments. Cash App's 38% gross profit growth was powered by Consumer Lending originations surging 82% to $17.6B and Commerce Enablement accelerating to 18% growth, while Square's GPV growth accelerated to 13%, fastest in quarters. We believe the AI-driven productivity gains and strong momentum across both Cash App lending products and Square's mid-market expansion position XYZ well for growth while maintaining disciplined capital allocation with $636M in Q1 buybacks and $9.1B liquidity.
GUIDANCE: (XYZ) Block Expects Q2 Adjusted EPS $0.86, vs. FactSet Est of $0.82
GUIDANCE: (XYZ) Block Expects 2026 Adjusted EPS $3.85, vs. FactSet Est of $3.67
Earnings Flash (XYZ) Block Posts Q1 Adjusted EPS $0.85, vs. FactSet Est of $0.68
Earnings Flash (XYZ) Block Posts Q1 Revenue $6.06B, vs. FactSet Est of $6.04B
Upcoming results of several key payment-focused and financial technology companies are likely to either meet or exceed expectations, though firms are seen having a cautious outlook on the consumer amid war-driven inflationary pressures, RBC Capital Markets said in a note e-mailed Monday.PayPal (PYPL), Fiserv (FISV), Shift4 Payments (FOUR), Affirm (AFRM), Block (XYZ), Corpay (CPAY), Global Payments (GPN), Fidelity National Information Services (FIS), Jack Henry & Associates (JKHY), Rocket (RKT), Toast (TOST), and NCR Voyix (VYX) are among the companies scheduled to report their latest quarterly financial results this week."We believe that the payments group will deliver in-line to better-than-expected results, except for (Shift4), which we believe will be impacted by seasonally weaker and Middle East-impacted Global Blue; PayPal, and (NCR)," RBC analyst Daniel Perlin said in a note to clients. "While we expect higher tax returns to benefit spending trends this quarter, we expect management teams to have a cautious outlook on the consumer on the basis of higher fuel prices and a general inflationary environment impacting discretionary spending."High recurring revenue and a strong demand backdrop likely insulate Jack Henry and Fidelity National from broader economic volatility, according to the brokerage. "The macro is not in the driver seat for them, and we expect management teams to continue reinforcing their view that the cores have a data and compliance moat from (artificial intelligence) disruption," Perlin said.Recently, Visa's (V) latest quarterly results showed payments volume growth in the US, while Mastercard (MA) saw purchase volume growth in that market, according to RBC. This indicates that restaurant and retail has likely "held up," though cross-border and travel continue to be areas of caution, Perlin said.PayPal's branded checkout performance in the first quarter will likely be pressured due to exposure to the Middle East conflict and pullback from low-income consumers. However, the investors will be focused on the company's potential future strategic direction instead of just the quarterly results, according to the note.RBC expects Global Payments to face "modest" headwinds in the first half of 2026 due to its exposure to Middle Eastern airlines and the ongoing conflict in the region. Despite having minimal Middle East ties, inflation and small- and medium-business exposure could challenge Fiserv in the near term.Affirm is seeing robust consumer demand despite high fuel costs, RBC said. "Affirm's potential Middle East exposure is more of a knock-on effect associated with higher oil prices crowding out overall consumer spending, and with (Affirm's) tilt toward lower-end consumers, it's probable to assume some potential weakness in that cohort."Block's Cash App Borrow offering is likely to see strong demand amid consumer pressure, according to the brokerage. "As for (the first quarter), intra-quarter conversations suggest overall volume trends in both Cash App and Seller appear to be holding up, with additional levers benefiting (the second quarter)," Perlin said.Energy prices have surged as the US-Israel war with Iran curtailed shipments through the crucial Strait of Hormuz. The conflict paused following a recent ceasefire between Washington and Tehran, but a framework for a permanent truce is yet to be reached. The war started at the end of February.Price: $50.52, Change: $+0.08, Percent Change: +0.16%
Raymond James Adjusts Block Price Target to $82 From $79, Maintains Outperform Rating
Amrita Ahuja, CFO & COO, on April 21, 2026, sold 30,919 shares in Block (XYZ) for $2,318,925. Following the Form 4 filing with the SEC, Ahuja has control over a total of 500,816 Class A common shares of the company, with 500,816 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1512673/000162828026026630/xslF345X05/wk-form4_1776892444.xml
Block's (XYZ) setup heading into Q1 results on May 7 appears more fundamentally supportive as the cost reset focusing on AI-driven efficiency is showing signs of early productivity gains, BofA Securities said in a Wednesday research report.Robust execution and disciplined messaging around margins, monetization, and capital allocation could support a constructive stock reaction, the analysts said.AI driven efficiency initiatives are also starting to support margin expansion and better unit economics, reinforcing confidence in the company's fiscal 2026 guidance, according to the brokerage.With incremental monetization from the Cash App promotion starting to flow through, the market will be looking for signs that performance is adequate to warrant higher revenue or earnings forecasts, according to the note.BofA maintained a buy rating on the stock and raised the price target to $100.Price: $72.44, Change: $+0.69, Percent Change: +0.96%
