7 hours ago
Block (XYZ) Receives a Buy from Barclays
In a report released on June 6, Ramsey El Assal from Barclays maintained a Buy rating on Block (XYZ – Research Report), with a price target of $75.00. The company's shares closed last Friday at $64.99.
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El Assal covers the Technology sector, focusing on stocks such as Cognizant, Corpay Inc, and WEX. According to TipRanks, El Assal has an average return of -1.3% and a 52.20% success rate on recommended stocks.
Currently, the analyst consensus on Block is a Moderate Buy with an average price target of $65.69, implying a 1.08% upside from current levels. In a report released on June 4, UBS also reiterated a Buy rating on the stock with a $70.00 price target.
XYZ market cap is currently $39.97B and has a P/E ratio of 15.81.
Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of XYZ in relation to earlier this year. Last month, Owen Britton Jennings, the Business Lead of XYZ sold 10,472.00 shares for a total of $590,516.08.
