Scotiabank Initiates Coverage of Block (XYZ) with Sector Perform Recommendation
Fintel reports that on September 2, 2026, Scotiabank initiated coverage of Block (NYSE:XYZ) with a Sector Perform recommendation.
Analyst Price Forecast Suggests 20.52% Upside
As of August 28, 2026, the average one-year price target for Block is $99.38/share. The forecasts range from a low of $75.75 to a high of $131.25. The average price target represents an increase of 20.52% from its latest reported closing price of $82.46 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Block is 27,092MM, an increase of 8.19%. The projected annual non-GAAP EPS is 5.61.
What is the Fund Sentiment?
There are 1,788 funds or institutions reporting positions in Block. This is an increase of 778 owner(s) or 77.03% in the last quarter. Average portfolio weight of all funds dedicated to XYZ is 0.23%, an increase of%. Total shares owned by institutions increased in the last three months by 14.40% to 573,227K shares. 
The put/call ratio of is 0.57, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 39,734K shares representing 7.35% ownership of the company. In its prior filing, the firm reported owning 45,205K shares , representing a decrease of 13.77%. The firm decreased its portfolio allocation in XYZ by 3.91% over the last quarter.
Vanguard Capital Management holds 34,947K shares representing 6.46% ownership of the company. In its prior filing, the firm reported owning 35,576K shares , representing a decrease of 1.80%. The firm increased its portfolio allocation in XYZ by 5.92% over the last quarter.
Vanguard Portfolio Management holds 24,929K shares representing 4.61% ownership of the company. In its prior filing, the firm reported owning 25,663K shares , representing a decrease of 2.94%. The firm increased its portfolio allocation in XYZ by 4.30% over the last quarter.
Capital World Investors holds 21,404K shares representing 3.96% ownership of the company. In its prior filing, the firm reported owning 20,603K shares , representing an increase of 3.74%. The firm increased its portfolio allocation in XYZ by 13.61% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 17,383K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 17,224K shares , representing an increase of 0.92%. The firm decreased its portfolio allocation in XYZ by 3.58% over the last quarter.
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This story originally appeared on Fintel.