5 Best Long-Term ASX Stocks to Buy Right Now

2. Block, Inc. (NYSE:XYZ)

With strong revenue growth projections, Block, Inc. (NYSE:XYZ) secures a spot on our list of the best long-term ASX stocks to buy right now.

As of April 15, 2026, 83% of covering analysts remain bullish on Block, Inc. (NYSE:XYZ), with the $87 consensus price target implying 27.6% upside potential.

That bullish stance reflects the view that Block, Inc. (NYSE:XYZ) may be emerging from a difficult transition period as a more streamlined and differentiated fintech platform.

On March 31, 2026, Loop Capital initiated coverage of Block, Inc. (NYSE:XYZ) with a “Buy” rating and a $75 price target, noting that near-term volatility may persist following the company’s more than 40% workforce reduction. The company still maintains a strong position at the point of sale and appears capable of sustaining above-industry gross profit growth as it works to reaccelerate monthly transacting active users.

Management’s commentary at the Morgan Stanley TMT conference on March 13, 2026, provided additional context supporting that thesis.

Block, Inc. (NYSE:XYZ) described the restructuring as part of a broader effort to streamline management layers, accelerate decision-making, and leverage AI and automation to improve the speed of product development. The company noted that production code shipped per engineer has increased by 40% since last September, while a recently developed BNPL risk model was completed in just two days, compared with a typical development cycle of a full quarter.

Additionally, this initiative is being built on top of an already scaled ecosystem.

In January 2026, Block, Inc. (NYSE:XYZ) reported that it had exceeded $200 billion in credit extended across Cash App Borrow, Afterpay, and Square Loans, highlighting the scale of its lending platform and the strength of its underwriting capabilities and customer data infrastructure.

Block, Inc. (NYSE:XYZ), founded in 2009 by Jack Dorsey and headquartered in Oakland, California, is a financial technology and services provider offering point-of-sale systems, digital payments, and consumer financial products.