On September 2, 2026, Scotiabank initiated coverage of Block (NYSE:XYZ) with a Sector Perform recommendation. The average one-year price target for Block is set at $99.38 per share, indicating a potential 20.52% upside from its closing price of $82.46 on August 28, 2026. The price forecasts range from a low of $75.75 to a high of $131.25.
The projected annual revenue for Block is expected to be $27,092 million, representing an 8.19% increase, while the projected non-GAAP EPS is 5.61. Institutional ownership saw an increase of 778 funds, marking a 77.03% rise in the last quarter, with total shares owned rising by 14.40% to 573,227,000 shares.
Among major shareholders, Price T Rowe Associates holds 39,734K shares (7.35% ownership), with a reduction of 13.77% in their stake. Conversely, Capital World Investors increased their holdings by 3.74% to 21,404K shares (3.96% ownership).
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