Cantor Fitzgerald Sticks to Its Buy Rating for Block (XYZ)

Cantor Fitzgerald analyst Ramsey El Assal maintained a Buy rating on Block yesterday and set a price target of $70.00.

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According to TipRanks, El Assal is an analyst with an average return of -4.7% and a 44.49% success rate. El Assal covers the Technology sector, focusing on stocks such as Block, Remitly Global, and Strategy.

In addition to Cantor Fitzgerald, Block also received a Buy from Citi’s Bryan Keane in a report issued today. However, on the same day, Piper Sandler reiterated a Sell rating on Block (NYSE: XYZ).

Based on Block’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.25 billion and a net profit of $114.34 million. In comparison, last year the company earned a revenue of $6.03 billion and had a net profit of $1.95 billion

Based on the recent corporate insider activity of 118 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, Ajmere Dale, the CAO of XYZ sold 423.00 shares for a total of $27,063.54.