13 Best Big Tech Stocks to Buy According to Hedge Funds

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8. Block, Inc. (NYSE:XYZ)

Block, Inc. (NYSE:XYZ) is one of the best technology stocks on our list.

TheFly reported on February 24 that Bank of America reduced its price target for XYZ to $75 from $86 while keeping a Buy rating. The adjustment reflects a lower multiple applied to the company’s 2027 earnings estimate, which is driven by softer investor sentiment for payment stocks and weaker valuation levels among peers.

Additionally, Block, Inc. (NYSE:XYZ) released a forecast for 2026 along with its fourth-quarter and full-year 2025 results on February 26. It forecasted adjusted operating income of $3.2 billion with a 26% margin, up 54% from the previous year, and full-year gross profit of $12.2 billion, reflecting 18% growth year over year. The first quarter of 2026 is predicted to see a 22% growth in gross profit to $2.8 billion and a 21% margin in adjusted operating income to $600 million, indicating sustained high performance and operational efficiency into the new year.

Block, Inc. (NYSE:XYZ) offers financial and payment solutions for businesses and individuals, including point-of-sale systems, digital payments, and Cash App services, empowering commerce, peer-to-peer transactions, and financial inclusion globally.

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