Billionaire Ken Griffin’s 10 Midcap Stock Picks with Huge Upside Potential

3. Block, Inc. (NYSE:XYZ)

Stock Upside Potential:   48.29%

Citadel Investment Group’s Stake: $368,584,632

Block, Inc. operates as an ecosystem builder. It builds ecosystems focused on financial and commerce products. The company operates in the Cash App and Square segments. The stock has been declining since the start of this year, falling over 45%.

After the release of Block’s most recent quarter results, some analysts turned pessimistic. Piper Sandler analyst Arvind Ramnani believes an acceleration in the latter half may be overly optimistic because of pressured fundamentals. Wall Street’s analysts are also concerned about weaker Cash App spending.

However, Mizuho’s Dan Dolev maintained his Outperform rating on the stock, citing the firm’s improved network density and product innovation. He thinks XYZ’s robust product innovation and enhanced network density could mitigate the effects of a weaker macroeconomic environment.

Based on the guidance, the company expects gross profit growth of 12% for 2025. Adjusted operating income is anticipated to grow by 19%. Continuous GPV growth improvements are projected throughout the year. For Q2, Square’s GPV growth is projected to achieve high single digits.