Block Targets Lifted by Wall Street Analysts Following Quarterly Earnings
Sanford C. Bernstein and Truist Financial raised their price targets on Block, Inc. after the company reported quarterly earnings and revenue that beat consensus estimates.
Wall Street brokerages have updated their outlooks on Block, Inc. (NYSE: XYZ) following the fintech company's recent quarterly financial report. Investment analysts at Sanford C. Bernstein raised their price objective on the shares from $95.00 to $110.00 and maintained an outperform rating, projecting a potential upside of 27.23%. On the same day, Truist Financial lifted its target price from $89.00 to $95.00 while reiterating a buy rating, pointing to an 11.10% upside from the prior closing level.
The target revisions follow Block's quarterly earnings release on Tuesday, November 3rd. The company posted earnings per share of $1.13, topping the consensus estimate of $0.68 by $0.45. Quarterly revenue expanded 9.9% year over year to reach $6.72 billion. Block recorded a return on equity of 9.63% and a net margin of 1.80%. For the full fiscal year, equity analysts forecast the company will report 2.75 earnings per share.
Broad analyst coverage tracked by MarketBeat shows an overall consensus rating of Moderate Buy. Price targets across firms vary, with Monness Crespi & Hardt setting a target of $125.00, Wolfe Research at $115.00, and Morgan Stanley setting an equal weight rating with an $82.00 target.
Despite positive research notes, valuation measures show mixed signals across different models. On November 09, 2026, shares rallied 3.6% to $88.56, placing the equity 12.2% above GuruFocus's GF Value estimate of $78.93, which categorized the stock as modestly overvalued. Publication data also highlights differing price-to-earnings ratios, with MarketBeat citing multiples of 25.38 and 116.97, GuruFocus reporting 119.8x, and Kalkine India noting a trailing twelve-month multiple of 115.70 alongside an 85.14% year-over-year drop in trailing diluted earnings per share to USD 0.74.
Trading disclosures show corporate insiders sold 249,686 shares worth $19,981,767 over the last quarter. Among the transactions, Director Anthony Eisen sold 35,000 shares on Wednesday, November 4th, at an average price of $87.50 through a pre-arranged Rule 10b5-1 trading plan. Overall, company insiders maintain an 11.37% ownership stake, while institutional investors and hedge funds control 70.44% of the shares.