Citigroup has initiated coverage on Block Inc (XYZ) with a Buy rating as of October 21, 2025. This marks the firm's first assessment of the financial services company, which operates through its Square and Cash App segments. Block Inc, headquartered in Oakland, California, is known for creating ecosystems tailored for distinct customer audiences, employing over 11,000 people.
Currently trading at $65.91, Block Inc has a market capitalization of $43.2 billion and a P/E ratio of 14.62. The company's recent earnings performance has shown some volatility, with Q3 2025 EPS at $0.54, falling short of the $0.67 estimate by 19.9%. Upcoming earnings are scheduled for August 4, 2026, with an estimated EPS of $0.96 on projected revenue of $6.8 billion.
Analyst ratings, including Citigroup's, provide insight into market sentiment but should be considered alongside other factors such as company fundamentals and industry trends. Currently, Block Inc holds a consensus rating of Buy among analysts, with 14 Strong Buy, 19 Buy, 12 Hold, 3 Sell, and 1 Strong Sell ratings as of November 1, 2025. The announcement underscores the firm's confidence in Block Inc's growth prospects amidst evolving industry dynamics.