Block, Inc. (XYZ) Receives Bullish Rating Updates From Analysts

Block, Inc. (NYSE:XYZ) is one of the best long term growth stocks to buy according to hedge funds. Block, Inc. (NYSE:XYZ) received bullish rating updates from several firms on January 8, including Citi, Wolfe Research, and Bernstein. Citi reiterated a Buy rating on the stock and set a price target of $105. Similar to Citi, Wolfe Research and Bernstein also maintained a Buy rating on Block, Inc., both setting a price target of $85 on the shares.

In a separate development, Block, Inc. reported on December 16 the expansion of a partnership between Square and Thrive, aimed at simplifying multi-channel inventory management for retailers. The company stated that the new integration allows Square sellers to sync inventory, catalogs, and sales seamlessly with Shopify, while simultaneously keeping Square as their “source of truth”.

Retailers can create and edit products within Square, with those updates automatically getting reflected on Shopify. The new integration allows them to automate re-ordering, avoid overselling, and save time managing several systems.

Block, Inc. is a technology company that creates ecosystems for distinct customer audiences and operates through the Square and Cash App segments.

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This article is originally published at Insider Monkey.