H & R Block

HRB · NYSE

$48.41+$1.04 (+2.20%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $47.37

HRB analyst rating

HoldConsensus of 3 analysts over the last 12 months. 33% rate it a buy.

Strong buy0
Buy1
Hold1
Underperform0
Sell1

12-month price target · 4 analysts

Average $52.70 (+8.9% upside)

Low: $36.36
Now: $48.41
High: $63.00

Upgrades and downgrades

The latest rating actions, newest first

HRB analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Goldman Sachs	Aug 12, 2026	Maintains	Sell	$29.00 → $33.00	49%
Barrington Research	Aug 12, 2026	Maintains	Outperform	$50.00 → $60.00	63%
Stephens & Co.	Jul 28, 2026	Initiates	Equal-Weight	$47.00	44%
Barrington Research	Apr 27, 2026	Maintains	Outperform	$50.00	63%
Goldman Sachs	Feb 9, 2026	Maintains	Sell	$48.00 → $32.00	49%
Barrington Research	Feb 4, 2026	Maintains	Outperform	$62.00 → $50.00	63%
Barrington Research	Jan 22, 2026	Maintains	Outperform	$62.00	63%
Barrington Research	Oct 27, 2025	Maintains	Outperform	$62.00	63%

The case for and against

Updated Feb 2, 2026

Bull case

H&R Block Inc has demonstrated an encouraging financial performance, as operating income increased by 5.8% to $371.3 million, surpassing estimates. Additionally, the company reported a revenue growth of 4.6%, reaching $1.111 billion in the fourth quarter, which also exceeded both internal estimates and consensus expectations from FactSet. These positive metrics underscore H&R Block's robust position in the tax preparation industry, driven largely by strong revenues from its U.S. operations.

Bear case

H&R Block Inc. is experiencing a negative outlook due primarily to an anticipated decrease in adjusted EPS, projected between $4.85 and $5.00 for FY/26, which falls short of the FactSet consensus estimate of $5.15. This shortfall is attributed to a higher-than-expected tax rate of approximately 25%, escalating from 22% in FY/25, which is expected to directly impact EPS by approximately $0.19. Additionally, the company's current price reflects a decline of 3% year-to-date, and it trades at a discount to its five-year average EV/EBITDA, further suggestive of underlying challenges in achieving growth and profitability.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.