Truist Securities Cuts Block (XYZ) Price Target to $89
Key Points
- Truist Securities maintained a Buy rating on Block, Inc. on October 23, 2026, while adjusting its price target from $93.00 to $89.00.
- Truist Securities's $89 price target implies 15.61% upside from Block, Inc.'s ($XYZ) current $76.98 share price.
- Block, Inc. closed at $77.08 on October 23, 2026, recently trading near $76.98.
- Director Anthony Mathew Eisen completed four stock sales between October 19 and October 22, 2026.
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On October 23, 2026, Truist Securities maintained its Buy rating on Block, Inc. [NYSE: XYZ] while adjusting its price target from $93.00 to $89.00. The note from the research firm arrives as shares trade below that revised target, giving investors a look at how Wall Street sees the fintech firm's room to run.
XYZ
Block, Inc.
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Truist Securities' Call on Block, Inc.
In its research note published on October 23, 2026, Truist Securities kept a Buy rating on Block, Inc. while lowering its price target to $89.00 from $93.00. Analysts use a Buy rating to signal a positive long-term view on a company's business model and share potential.
Other Institutional Activity in Block, Inc.
Other large institutional investors have also adjusted their positions in Block, Inc. recently. Ameriprise Financial, Inc. grew its holdings by 1,596,682 shares, ending with 8,464,132 shares worth about $652,457,607.0. Contour Asset Management LLC added 3,712,205 shares, lifting its stake to an 8,246,473-share position valued at roughly $635,679,363.0.
Block, Inc. Stock Down 1.6%
Block, Inc. shares closed at $77.08 on October 23, 2026, and recently traded at $76.98. The recent price sits about 0.1% below that closing level. The stock trades below its 50-day moving average of $78.64, but remains above its 200-day moving average of $70.94.
$XYZ price target
Block, Inc. daily closes and this analyst's $89 target. Not advice.
Recent Earnings
Block reported trailing-twelve-month revenue of $25,041,963,008.0 with earnings of $0.56 per share. The company posted a net profit margin of 1.4% and a return on equity of 1.6%. Its next quarterly earnings release is scheduled for November 3, 2026.
Insider Buying and Selling at Block, Inc.
Director Anthony Mathew Eisen completed four separate sales of company stock in October 2026. On October 19, Eisen sold 18,000 shares for a total value of $1,416,000.0. He then sold 6,000 shares at an average price of $77.25 on October 20, generating $463,500.0 under a planned transaction. On October 21, Eisen sold another 6,000 shares at an average price of $79.07 for a total of $474,420.0. Finally, Eisen sold 6,000 shares at $78.06 on October 22, totaling $468,360.0.
Analysts Set New Price Targets
Cantor Fitzgerald reiterated an Overweight rating with a $95.00 price target on September 25, 2026. BTIG reiterated a Buy rating with a $100.00 price target on September 25, 2026. Baird maintained an Outperform rating, raising its target from $105.00 to $106.00 on October 2, 2026. RBC Capital reiterated an Outperform rating with a $95.00 price target on October 21, 2026. Overall, the stock carries a consensus buy recommendation from 42 analysts with a mean price target of $98.24.
About Block, Inc.
Block, Inc. builds software and hardware ecosystems focused on commerce and financial services. Operating primarily through its Square merchant solutions and Cash App consumer platform, the company helps individuals manage money and businesses accept payments.
Bottom Line
Investors will look toward Block's upcoming earnings report on November 3, 2026, for fresh details on revenue and user growth across its primary business segments.
Related Filing Alerts
Source: Truist Securities's rating change on $XYZ (Oct 23, 2026). Written by software, not financial advice. How we make alerts