Jefferies Boosts Block (XYZ) Price Target to $75, Maintains Buy Rating

Jefferies raised the price target for Block, Inc. (NYSE:XYZ) to $75 from $70, maintaining a Buy rating. The decision was based on company job listings and recent developments. The company is among the top 11 fintech stocks to buy right now.

Cash App users paying for goods and services highlight the impact of Block, Inc.’s payment tools. The company has seen a significant increase in direct sales job openings, hiring around 250 salespeople over the past year to expand its market reach.

Block, Inc. (NYSE:XYZ) is strategically focusing on expanding into the up-market segment, evident through increased job listings and participation in the National Restaurant Show. The company has reduced listings for engineering and IT jobs, aligning its workforce with current business goals.

Formerly known as Square, Block, Inc. (NYSE:XYZ) is an American financial technology company offering various financial products and services. Despite potential as an investment, analysts suggest other AI stocks with greater upside potential and less downside risk may be more beneficial.

Read more at Yahoo Finance: Jefferies Raises Block (XYZ) Price Target, Keeps Buy Rating