--- title: "Weekly Recap | Block +0.84%, most brokers rate it buy" type: "News" locale: "en" url: "https://longbridge.com/en/news/302176540.md" description: "Block ended the week at $77.89 on Friday, 16 October 2026, up 0.84% from the prior close. The S&P 500 fell 1.95% over the same period, putting Block about 2.79 percentage points ahead of the benchmark. Trading was choppy: the stock opened around $76.88 on Monday, drifted lower to a week-low of $74.75 on Wednesday, then jumped on Thursday to close at $79.83. Friday saw a push to $81.17 before selling pulled it back to $77.89. Weekly amplitude was 8." datetime: "2026-10-17T08:30:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/302176540.md) - [en](https://longbridge.com/en/news/302176540.md) - [zh-HK](https://longbridge.com/zh-HK/news/302176540.md) generator: "portal-rs" --- # Weekly Recap | Block +0.84%, most brokers rate it buy ## The Week Block ended the week at $77.89 on Friday, 16 October 2026, up 0.84% from the prior close. The S&P 500 fell 1.95% over the same period, putting Block about 2.79 percentage points ahead of the benchmark. Trading was choppy: the stock opened around $76.88 on Monday, drifted lower to a week-low of $74.75 on Wednesday, then jumped on Thursday to close at $79.83. Friday saw a push to $81.17 before selling pulled it back to $77.89. Weekly amplitude was 8.36%, and average daily volume came in around 4.97 million shares, above the 60-day median of 4.20 million. ## Key Events Company-specific news was thin this week. Among the nine in-week items, one report said a billionaire investor bought 2.56 million Block shares in Q2. Block director Anthony Mathew Eisen also filed a sale of 18,000 common shares for $1.38 million. The rest of the items were mostly about other names such as H&R Block, or about macro repricing tied to a hawkish Fed and higher Treasury yields. No material non-routine filings appeared during the week. ## Analyst Ratings As of 16 October 2026, 47 institutions cover Block: 28 rate it buy, 10 rate it overweight, 9 rate it hold, and none rate it underweight or sell. The consensus rating is buy, with a consensus target price of $98.10, about 25.95% above the latest close of $77.89. Target prices range from $75.00 to $125.00, reflecting a wide spread. The stock ranks 1 out of 45 in the transaction and payment services industry. ## The Week Ahead No Block earnings are due next week, but macro data may set the tone: the NAHB housing market index on Monday, housing starts and building permits on Tuesday, and EIA crude inventories on Wednesday. Block’s fiscal Q3 2026 results are scheduled for after the close on 3 November, with consensus estimates at EPS of $0.9865 and revenue of $6.582 billion. That print will be the key test after the stock moved back above $77. ## In Short Block finished the week roughly flat after a wide range, outperforming a falling S&P 500. On the latest trading day, large and medium orders showed net selling while small orders showed net buying, pointing to mixed positioning. Valuation remains elevated at roughly 131x P/E, while most brokers rate the name buy or overweight and consensus target sits above spot. The lower end of the target range, $75, is close to current price, so the spread of views remains wide. The next major catalyst is the Q3 report on 3 November; whether it supports the current risk appetite will decide the tone. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [XYZ.US](https://longbridge.com/en/quote/XYZ.US.md) - [XYZG.US](https://longbridge.com/en/quote/XYZG.US.md) - [XYZY.US](https://longbridge.com/en/quote/XYZY.US.md) ## Related News & Research - [Here's the severance package Block is offering laid-off US employees](https://longbridge.com/en/news/304526094.md) - [Block Director Anthony Mathew Eisen Sells $3.06 Million in Common Shares](https://longbridge.com/en/news/304694567.md) - [Block in charts: GPV growth speeds up to 14% in Q3, best since Q1 2023](https://longbridge.com/en/news/304227076.md) - [New Buy Rating for Block, Inc. Shs Chess Depository Interests Repr 1 Sh (XYZ), the Technology Giant](https://longbridge.com/en/news/304799523.md) - [Pay by Bandana with NAHMIAS and Cash App | XYZ Stock News](https://longbridge.com/en/news/304888206.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**