From Yahoo Finance: 2025-05-28 14:39:00

Mizuho Securities raised Block, Inc. (NYSE:XYZ) price target to $71 from $68, maintaining an “Outperform” rating. The decision was based on a correlation between Bitcoin’s price and user engagement on Block’s Cash App.

Increased Bitcoin price led to growth in Cash App’s weekly active users. Recent activity surge in late April and early May surpassed slower growth in February and March. Block, Inc. (NYSE:XYZ) management noted a rebound in Cash App usage in April, anticipating further user engagement if Bitcoin continues to rise.

Block, Inc. (NYSE:XYZ) is a US financial technology company offering various products and services to consumers and merchants. While XYZ shows investment potential, some AI stocks are viewed as having higher return potential with limited downside risk. Consider exploring opportunities beyond XYZ for substantial growth potential.

For more stock insights, explore articles on stocks expected to bounce back according to analysts and the best stocks under $15 to buy according to hedge funds. No disclosures were made regarding investments.

Read more: Mizuho Increases Block’s (XYZ) Price Target, Keeps Outperform Rating