Piper Sandler Rates Block (XYZ) buy, $100 Price Target

On June 30, Piper Sandler upgraded Block, Inc. to a 'Buy' with a $100 price target, a 31.58% upside from the current price.

By EarningsIQ Research Desk · Published Jun 30, 2026, 1:01 PM EDT · Updated Jul 1, 2026, 3:01 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Piper Sandler rated Block, Inc. ($XYZ) "buy" with a $100 price target on June 30, 2026.

Since the rating, $XYZ is up 2.0% after 1 week, up 8.7% after 1 month and up 2.5% to date (from the $76 close on Jun 30, 2026).

XYZ Block, Inc.

$77.89 +19.55% year to date

Daily close · Oct 16, 2026

Key Points

On June 30, 2026, Piper Sandler upgraded Block, Inc. to a 'Buy' rating with a $100 price target.
Piper Sandler's $100 price target implies 31.58% upside from Block, Inc.'s ($XYZ) current $76 share price.
Block, Inc. shares traded at $78.02 on Tuesday with a market cap of $46.3 billion and a P/E ratio of 60.8.
Insider Anthony Mathew Eisen sold shares in planned transactions, and several funds adjusted their holdings in Block, Inc.

Get $XYZ trade alerts by text

We text you when insiders, Congress or big funds trade $XYZ. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Block, Inc. alert may contain errors. Disclosures

On June 30, 2026, Piper Sandler's analyst Bill Carcache raised the rating for Block, Inc. (NYSE:XYZ) to a 'Buy' and set a price target of $100. This upgrade reflects a positive outlook on the company's future performance.

Analyst rating track record

Piper Sandler vs. the S&P 500

YTD return -11.82% hypothetical

All-time return +31.89% S&P 500 +36.47%

vs. S&P 500 -4.58% behind the index

Hypothetical returns from Piper Sandler's disclosed trades, not real profit or advice. How we model this.

What Changed in Piper Sandler's Block, Inc. Position

Piper Sandler's upgrade of Block, Inc. to a 'Buy' with a $100 target price suggests increased confidence in the company's prospects. The previous target was not specified, making this a notable shift in their assessment.

Other Institutional Activity in Block, Inc.

Several institutional investors have recently adjusted their positions in Block, Inc. PRICE T ROWE ASSOCIATES INC /MD/ added 2,112,132 shares, bringing its total to 45,205,148 shares valued at approximately $2.72 billion, marking a 4.9% increase. BLACKROCK, INC. increased its stake by 393,461 shares to hold a total of 42,238,874 shares worth about $2.54 billion, a 0.9% increase. VANGUARD CAPITAL MANAGEMENT LLC opened a new position in Block, Inc. with 35,575,779 shares valued at $2.14 billion. Similarly, VANGUARD PORTFOLIO MANAGEMENT LLC also initiated a new stake, acquiring 25,662,834 shares worth $1.54 billion. STATE STREET CORP added 98,724 shares, ending with 23,140,666 shares valued at $1.39 billion, reflecting a 0.4% increase.

Block, Inc. Stock Up 0.2%

Shares of NYSE:XYZ traded near $78.02 on Tuesday. Block, Inc. has a market cap of $46.3 billion, with a P/E ratio of 60.8 and a forward P/E of 15.6. The stock's beta is 2.552, indicating higher volatility compared to the market. Over the past year, the stock has ranged between $48.21 and $82.50. Its 50-day moving average is $71.57, and the 200-day moving average is $67.28. Block, Inc. maintains a current ratio of 1.986 and a quick ratio of 0.974, with a debt-to-equity ratio of 37.514.

12-month forecast

$XYZ price target

Block, Inc. daily closes and this analyst's $100 target. Not advice.

Recent Earnings

Block, Inc. reported revenue of $24.48 billion, reflecting a 4.9% growth. The company achieved a net margin of 3.3% and a return on equity (ROE) of 3.7%. Earnings per share (EPS) stood at $1.28. The next earnings announcement is scheduled for August 10, 2026.

Insider Buying and Selling at Block, Inc.

Anthony Mathew Eisen, a company insider, executed several planned sales of 6,000 shares each between June 22 and June 29, 2026. The transactions occurred at prices ranging from $72.29 to $78.93 per share.

Analysts Set New Price Targets

On June 30, 2026, Piper Sandler upgraded Block, Inc. to a 'Buy' rating with a $100 price target. Morgan Stanley maintained its 'Buy' rating with a $98 target on May 29, 2026. Truist Securities and Canaccord Genuity also maintained 'Buy' ratings with targets of $82 and $85, respectively. The consensus recommendation is a 'Buy', with an average target price of $90.40 among 40 analysts.

About Block, Inc.

Block, Inc., headquartered in Oakland, California, operates in the Technology sector, focusing on software infrastructure. The company, led by CEO Jack Dorsey, offers a range of financial services and products through its Square and Cash App segments. Square provides managed payment services and hardware solutions, while Cash App offers peer-to-peer payments and investment tools. Block, Inc. also owns TIDAL, a platform for musicians, and several other innovative financial services.

Bottom Line

Piper Sandler's recent upgrade of Block, Inc. to 'Buy' with a $100 price target highlights optimism about the company's strategic direction. Investors often monitor such analyst ratings closely, though it's important to remember that these are backward-looking insights. With a strong market presence and innovative offerings, Block, Inc. continues to be a key player in the financial technology space.