10 Best Fintech Stocks to Invest In According to Billionaires

8. Block, Inc. (NYSE:XYZ)

Number of Billionaire Investors: 23

Block, Inc. (NYSE:XYZ) is one of the best fintech stocks to invest in according to billionaires. On April 21, UBS reaffirmed its Buy rating on Block, Inc. (NYSE:XYZ) with a price target of $90 on the stock.

This update comes after the company’s third “On the Block” Q&A session, where the company’s leadership, including Block, Inc.’s (NYSE:XYZ) Design Lead, Brooke Ellis, and Head of Investor Relations, Matt Ross, participated in the discussion. The session focused on how design culture sets the company apart, especially as AI becomes more important. The company’s leadership talked about Block, Inc.’s (NYSE:XYZ) core design principles and the relationship between economic empowerment and design. The session highlighted how AI is growing and changing the scope of what designers can create and how proactive intelligence is challenging traditional user interface paradigms.

On the same day, Cantor Fitzgerald increased its price target on Block, Inc. (NYSE:XYZ) from $78 to $88 while keeping its Overweight rating on the stock. This increase in price target reflects the recent growth in market valuations for credit-exposed fintech companies.

Cantor Fitzgerald pointed out that investors are generally positive about Block, Inc. (NYSE:XYZ) ahead of its first-quarter earnings, with net long positioning.

The research firm noted that, despite some headline noise, consumer spending and the overall economic environment appear to be stable.

Block, Inc. (NYSE:XYZ) is an American financial technology company that offers a range of financial products and services to consumers and merchants.