Jefferies raises Block stock price target to $75 from $70
Investing.com
Published Jun 03, 2025 06:06AM ET
On Tuesday, Jefferies analysts raised the price target for Block Inc. (NYSE: XYZ) stock to $75 from a previous $70, while maintaining a Buy rating. The new target aligns with broader analyst expectations, as targets currently range from $35 to $105. According to InvestingPro analysis, Block appears undervalued at its current price of $61.76. This adjustment comes on the heels of an analysis of the company's job listings and recent developments.
The analysts highlighted a surge in direct sales roles at Block, with listings increasing in May following a significant hiring wave in April. The company is estimated to have hired approximately 250 salespeople over the past year, indicating a strategic focus on expanding its market reach. This expansion comes as Block maintains strong financial health, with a current ratio of 2.27 and liquid assets exceeding short-term obligations.
Recent hiring activity, particularly in sales roles, reflects Block's efforts to push into the up-market segment. The company's presence at the National Restaurant Show last month provided insights into its growing traction in the enterprise sector.
Additionally, the analysts noted that engineering and IT roles were the primary focus of listings that were reduced following a reduction in force in late March. This shift underscores Block's strategic realignment in its workforce.
The updated price target and maintained Buy rating suggest confidence in Block's current trajectory and market strategies. For deeper insights into Block's valuation and growth potential, including 12 additional ProTips and comprehensive financial metrics, visit InvestingPro .
In other recent news, Block Inc. reported several significant developments that have caught the attention of investors and analysts. Evercore ISI upgraded Block Inc.'s stock rating to Outperform, citing moderated concerns regarding Cash App lending and promising new product developments. The analysts noted steady consumer spending trends and highlighted the potential for growth due to recent product updates at Square. Meanwhile, Truist Securities initiated coverage on Block Inc. with a Sell rating, expressing concerns over the company's sensitivity to macroeconomic conditions and potential credit losses from expanding lending products. Raymond James also adjusted its outlook, raising the price target for Block Inc. stock to $79, reflecting confidence in projected Cash App gross profit growth.
Additionally, Block Inc. announced plans to integrate bitcoin payments on its Square platform, leveraging the Lightning Network for efficient transactions. This initiative, expected to roll out in 2025, aligns with the company's strategy of economic empowerment for merchants. Mizuho Securities raised Block's stock price target to $71, linking the move to increased user engagement on Cash App driven by a recent Bitcoin rally. These developments underscore Block Inc.'s ongoing efforts to innovate and adapt in a dynamic market environment.
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Written By: Investing.com
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