Block, Inc (XYZ) Discussed Multiple Times By Analysts

We recently published 10 Best SaaS Stocks Trading at a Discount.  Block, Inc. (NYSE:XYZ) is one of the best Saas stocks trading at a discount.

Block, Inc. (NYSE:XYZ) is a well-known payments processing and financial technology company. Over the past couple of weeks, the firm has been at the center of attention of several analysts. For instance, on December 8th, TD Cowen kept a Buy rating on the stock and kept a $91 share price target for the firm. It called Block, Inc. (NYSE:XYZ) a “Best Idea for 2026,” due to the belief that the firm can grow its gross profit by mid-teen percentages in the medium term.

TD Cowen’s optimism about Block, Inc. (NYSE:XYZ) came after an equally optimistic note by RBC Capital on November 20th. In it, the financial firm was left impressed by the payments company’s Investor Day. RBC Capital praised Block, Inc. (NYSE:XYZ)’s Proto mining business, which it believes provides good insight into the firm’s diversification efforts. Subsequently, it maintained a $90 share price target and an Outperform rating.

After RBC Capital, UBS kept its Buy rating and $90 share price target for Block, Inc. (NYSE:XYZ) in early December. UBS’ action also followed the firm’s investor day, which left it confident about growth in the Square and CashApp businesses. UBS pointed out that Block, Inc. (NYSE:XYZ) had 26 revenue streams, which were generating $100 million in gross profit that for a significant growth over the five revenue streams the firm had in 2020.

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Disclosure: None. This article is originally published at Insider Monkey.