BMO Capital Initiates Coverage of Block (BIT:1SQ) with Market Perform Recommendation
Fintel reports that on April 22, 2026, BMO Capital initiated coverage of Block (BIT:1SQ) with a Market Perform recommendation.
Analyst Price Forecast Suggests 22.08% Upside
As of April 14, 2026, the average one-year price target for Block is €74.28/share. The forecasts range from a low of €44.15 to a high of €94.51. The average price target represents an increase of 22.08% from its latest reported closing price of €60.85 / share.
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The projected annual revenue for Block is 33,474MM, an increase of 38.36%. The projected annual non-GAAP EPS is 4.35.
What is the Fund Sentiment?
There are 1,025 funds or institutions reporting positions in Block. This is an decrease of 553 owner(s) or 35.04% in the last quarter. Average portfolio weight of all funds dedicated to 1SQ is 0.18%, an increase of 35.50%. Total shares owned by institutions decreased in the last three months by 8.02% to 438,850K shares.
What are Other Shareholders Doing?
Price T Rowe Associates holds 43,093K shares representing 8.05% ownership of the company. In its prior filing, the firm reported owning 48,031K shares , representing a decrease of 11.46%. The firm decreased its portfolio allocation in 1SQ by 18.56% over the last quarter.
Capital World Investors holds 16,023K shares representing 2.99% ownership of the company. In its prior filing, the firm reported owning 11,296K shares , representing an increase of 29.50%. The firm increased its portfolio allocation in 1SQ by 27.19% over the last quarter.
Geode Capital Management holds 14,407K shares representing 2.69% ownership of the company. In its prior filing, the firm reported owning 14,339K shares , representing an increase of 0.47%. The firm decreased its portfolio allocation in 1SQ by 12.44% over the last quarter.
Baillie Gifford holds 9,876K shares representing 1.84% ownership of the company. In its prior filing, the firm reported owning 11,655K shares , representing a decrease of 18.02%. The firm decreased its portfolio allocation in 1SQ by 14.39% over the last quarter.
Loomis Sayles & Co L P holds 7,522K shares representing 1.41% ownership of the company. In its prior filing, the firm reported owning 7,723K shares , representing a decrease of 2.67%.