TD Cowen Highlights Block Inc. (XYZ) AI Strategy Gains

Block Inc. (NYSE:XYZ) ranks among the best fintech stocks to buy as digital payments volume surges. On June 23, TD Cowen reiterated its Buy rating and $101 price target for Block Inc. (NYSE:XYZ). The firm’s evaluation came after investor discussions with Block in Montreal and during the TD Cowen 2026 US Corporate Access Day in Toronto.

TD Cowen highlighted that Block’s product velocity is increasing, and the company’s structural reset is yielding real outcomes. According to the firm, AI is transforming how Block Inc. (NYSE:XYZ) operates, and Neighborhoods has the potential to serve as a crucial bridge between Square and Cash.

Furthermore, on June 17, Block Inc. (NYSE:XYZ) announced the release of Builderbot, an AI management tool that coordinates numerous AI agents throughout the company’s codebase and operates within Slack to streamline software development tasks. The application performs over 200,000 operations each day and combines around 1,500 pull requests every week, accounting for roughly 15% of all production code changes throughout Block Inc. (NYSE:XYZ).

Block Inc. (NYSE:XYZ), founded in 2009 by Jack Dorsey, is an American financial services company. It offers point-of-sale systems and credit solutions to merchants through its Square subsidiary. It offers peer-to-peer payment, banking, and Bitcoin trading through its Cash App platform.

While we acknowledge the risk and potential of XYZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than XYZ and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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