On June 3, 2025, Truist Securities made an update to their coverage of Block (XYZ, Financial), a leading company listed on the NYSE. The esteemed analyst, Matthew Coad, reaffirmed the "Sell" rating for the stock, maintaining consistency with their prior stance.
In addition to the reaffirmation of the rating, a noteworthy adjustment was made to the price target for XYZ. Truist Securities has raised the price target from the previous $60.00 to a new level of $61.00 USD. This adjustment reflects a percentage change of 1.67% in the price target.
These updates from Truist Securities offer essential insights for investors monitoring the developments related to Block (XYZ, Financial) and inform strategic decisions in the stock market.
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 59.21% from the current price of $63.21. 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 $90.27, suggesting a upside of 42.81% from the current price of $63.21. 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.
