StoneX Upgrades Block to Buy from Hold
Fintel reports that on September 10, 2026, StoneX upgraded their outlook for Block (NYSE:XYZ) from Hold to Buy.
Prior to this rating action, Block's stock closed at $79.40 on September 9, 2026. The company's latest close was also recorded at $79.40 on September 9, 2026. This represents a one-week price change of -3.71% from a baseline close of $82.46 on September 2, 2026. Over a one-month period, the stock experienced a price change of +0.51% from a baseline close of $79.00 on August 7, 2026.
As of August 28, 2026, the current consensus target mean for Block was $99.38, with a median target of $99.45, representing an implied change of +25.17%. This is an increase from the prior consensus target mean of $93.97 recorded on August 4, 2026, which reflects a consensus target revision of +5.76%.
In the current recommendation period of September 1, 2026, the aggregate analyst sentiment showed 14 strong buy, 29 buy, 10 hold, 0 sell, and 0 strong sell recommendations, totaling 53. This represents 81.1% positive, 18.9% hold, and 0.0% negative recommendations. In the prior recommendation period of August 1, 2026, there were 14 strong buy, 28 buy, 10 hold, 0 sell, and 0 strong sell recommendations, totaling 52, which represented 80.8% positive, 19.2% hold, and 0.0% negative recommendations.
On the same day as the upgrade, September 10, 2026, there were 2 rating actions. Macquarie maintained its Neutral rating (from Neutral to Neutral), while StoneX upgraded the stock from Hold to Buy. Other recent rating actions include Scotiabank initiating coverage on September 2, 2026, with a Sector Perform rating. Wolfe Research maintained an Outperform rating on August 25, 2026. Canaccord Genuity maintained a Buy rating on August 13, 2026, and Evercore ISI Group maintained an Outperform rating on August 11, 2026.
Block reported its latest earnings on August 5, 2026. The actual EPS was 1.02, compared to an estimate of 0.8764, representing a surprise of +16.39%. Actual revenue was reported at $6,617,687,000,000,000.00, compared to an estimate of $6,549,900,197,000,000.00. On the same day, August 5, 2026, Block filed a Form 8-K current report with the United States Securities and Exchange Commission, which listed the registrant's principal executive offices at 1955 Broadway, Suite 600 Oakland, CA 946121.
Block, Inc., formerly known as Square, Inc., is a technology company based in the United States, specifically headquartered in San Francisco, California. Functioning predominantly in the financial services and digital payments industry, Block plays a significant role in reshaping financial transactions and commerce through its innovative hardware and software products. Key aspects of its portfolio include the original Square payment hardware, Cash App for personal finance, and TIDAL, a music streaming service. Moreover, Block has made notable strides in integrating cryptocurrency solutions, notably Bitcoin trading through its platforms.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 10, 2026 | StoneX | Hold | Buy | upgrade |
| September 10, 2026 | Macquarie | Neutral | Neutral | maintained |
| September 2, 2026 | Scotiabank | Sector Perform | initiated coverage | |
| August 25, 2026 | Wolfe Research | Outperform | Outperform | maintained |
| August 13, 2026 | Canaccord Genuity | Buy | Buy | maintained |
| August 11, 2026 | Evercore ISI Group | Outperform | Outperform | maintained |
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.