Barclays has revised its price target for Block (XYZ, Financial), reducing it from $97 to $70 while maintaining an Overweight rating on the company's shares. The adjustment comes as the firm assesses potential disruptions in non-travel cross-border ecommerce, influenced by the removal of small tariff exemptions on packages originating from China.
This development is part of Barclays' broader update of models within the payments sector, as they prepare for the upcoming Q1 financial report. The firm anticipates that changes in trade policy could affect transaction flows, particularly impacting Block's operations in the ecommerce space.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 40 analysts, the average target price for Block Inc (XYZ, Financial) is $100.64 with a high estimate of $125.00 and a low estimate of $57.00. The average target implies an upside of 84.11% from the current price of $54.66. More detailed estimate data can be found on the Block Inc (XYZ) Forecast page.
Based on the consensus recommendation from 45 brokerage firms, Block Inc's (XYZ, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Block Inc (XYZ, Financial) in one year is $90.86, suggesting a upside of 66.23% from the current price of $54.66. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Block Inc (XYZ) Summary page.
