Canaccord Genuity Reaffirms Its Buy Rating on Block, Inc. (XYZ) with $80 PT

Block, Inc. (NYSE:XYZ) is one of the 13 Best Quality Stocks to Buy According to Hedge Funds, supported by hedge fund interest and significant Profit Margin.

On 23 September 2025, following the company’s revised full-year forecast that indicated a greater profit acceleration in the second half of 2025, Canaccord Genuity reaffirmed its “Buy” rating on Block Inc. (NYSE:XYZ) with a price target of $80.

The company emphasized Block, Inc. (NYSE:XYZ)’s forecast of $2.03 billion in adjusted operating income and $10.17 billion in gross profit, which represent growth rates of 14.4% and 20%, respectively.

Due to the spike in credit losses associated with its Borrow product, Block, Inc. (NYSE:XYZ) anticipates a 16% year-over-year increase in gross profit for the third quarter and an 18% operating income margin. Additionally, through year-end, the company anticipates double-digit growth in Gross Payment Volume.

Separately, regulatory documents revealed that on September 2, Block, Inc. (NYSE:XYZ) Ecosystem Lead Brian Grassadonia sold 9,760 shares for almost $744,000.

In the US and abroad, Block, Inc. (NYSE:XYZ) and its subsidiaries create ecosystems centered on financial services and goods as well as commerce. It is one of the best quality stocks.

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