Block Inc clears fresh momentum mark, shares extend post earnings rally on ASX

Block Inc starts the week with another marked gain on the ASX, as the fintech’s post earnings rally pushes its shares into technically stretched territory while analysts remain constructive on the longer term story.

By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-29, 13:59.

Block Inc (US8522341036) opened the week with a clear move higher on the ASX. The company’s Chess Depositary Interests trade under ticker XYZ in Sydney, where the shares climbed 4.92 percent to 113.08 Australian dollars as Monday’s session closed according to Investing.com and local market coverage.Investing.com technical snapshot for Block XYZ

What Monday’s move shows

On the Sydney market, Block Inc’s XYZ line finished at 113.08 Australian dollars, up 5.30 dollars on the day, which corresponds to a 4.92 percent gain and marks a continuation of the post earnings rally described by Australian outlet The Bull.The Bull analysis on Block shares momentum The advance leaves the shares trading above both their 50 day and 200 day moving averages, reinforcing a clean uptrend structure on the ASX.Investing.com technical overview for Block XYZ

From a technical perspective, the 14 period relative strength index (RSI) for Block’s ASX listing has reached the high 60s on Investing.com data and 75.8 according to The Bull, levels that typically signal crowded positioning and increased risk of consolidation in the near term.The Bull commentary on Block RSI and positioning Investing.com currently classifies the technical picture for the XYZ line as a "Strong Buy" based on moving average and momentum indicators, with a combination of eight buy signals and a single sell signal in its daily framework.Investing.com rating summary for Block

How analysts frame the upside

Analyst commentary gathered by The Bull points to a robust longer term view on Block Inc despite the near term momentum fatigue described in the technicals.The Bull survey of analyst targets for Block Consensus figures cited in that report show an average price target of 153.28 Australian dollars for the ASX listing, implying roughly 35.5 percent potential upside from the current closing level of 113.08 dollars.

The same Australian commentary highlights that the latest leg of the rally has been supported by a stronger than expected first quarter earnings release in May and an upgraded full year outlook, factors that have prompted several research houses to reiterate constructive ratings on the stock.The Bull earnings recap for Block AltIndex, an alternative data service, notes that Block’s United States listing currently trades around 74.08 US dollars with a market capitalization of approximately 46.3 billion dollars, illustrating the global scale behind the ASX line’s recent movements.AltIndex statistics on Block

The business behind the ASX line

Block Inc operates globally as a financial technology group built around two major segments, Square and Cash App, which together provide payment solutions and financial services to both merchants and consumers according to its own corporate profile.Block Inc corporate overview Square offers point of sale hardware and software, card acquiring services, business loans and related tools designed to simplify commerce for small and medium sized businesses.

Cash App, the consumer facing app, enables peer to peer payments, salary deposits, debit card spending, stock and bitcoin investing and a growing range of financial services underpinned by a mobile first interface.Block description of Cash App capabilities These platforms, together with ancillary services like Afterpay and developer tools, form the revenue engine that sits behind the ASX traded Chess Depositary Interests, giving Australian investors exposure to the group’s United States based earnings stream.

Where the shares trade today

The Block Inc Chess Depositary Interests (US8522341036) trade on the ASX under ticker XYZ. As of 2026-06-29, 16:36 Sydney time, the shares changed hands at 113.08 Australian dollars on the local exchange according to Intelligent Investor and Investing.com pricing snapshots.Intelligent Investor price data for Block XYZ

Block Inc at a glance

• Company: Block Inc
• ISIN: US8522341036
• WKN: not available
• Ticker: XYZ
• Trading venue: ASX (Sydney)
• Price (as of 2026-06-29, 16:36): 113.08 AUD
• Market cap: approximately 46.3 billion USD (as of June 27 2026, AltIndex)
• Sector / industry: Financial Technology / Payments and Digital Finance
• Index membership: not specified for the ASX CDIs, parent Block Inc is part of several United States technology and fintech indices
• Next earnings date: not officially scheduled

Disclaimer: This article provides factual information on Block Inc shares and does not contain investment advice or recommendations. Investors should conduct their own research or consult a qualified advisor before making investment decisions.