On May 2, 2025, Canaccord Genuity analyst Joseph Vafi maintained a "Buy" rating on Block (XYZ, Financial) while lowering the price target from $100.00 to $80.00. This adjustment reflects a 20% decrease in the price target for XYZ. The previous price target was set at $100.00.
The rating remains unchanged at "Buy," which indicates that despite the lowered price target, Canaccord Genuity still sees potential upside in XYZ stock. Investors may want to take note of this development as it could influence trading strategies for this stock.
The price target adjustment for XYZ is significant, highlighting Canaccord Genuity's expectations for the company's performance in the coming period. XYZ continues to be under close watch by analysts due to its market activities.
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 72.09% from the current price of $58.48. 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 $91.72, suggesting a upside of 56.84% from the current price of $58.48. 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.
