Block Inc. (NYSE:XYZ) is considered one of the best cryptocurrency stocks for long-term investment. Truist Securities recently upgraded the stock to a Buy rating with a price target of $68, up from $67, despite a 20% pullback due to credit risks and growth concerns in their Cash App Borrowing offering.

Truist Securities sees potential in Block Inc.’s Square segment to offset risks, raising the company’s 2026 adjusted earnings per share forecast to $3.28, slightly above analyst expectations of $3.25 per share. TD Cowen analysts also maintain a Buy rating with a $91 price target, believing the stock is oversold.

Block Inc. (NYSE:XYZ) is a financial technology company focusing on integrating cryptocurrency, particularly Bitcoin, into its services for merchants and individuals. While XYZ shows investment potential, other AI stocks may offer greater upside with less downside risk. For more insights, check out the free report on the best short-term AI stock.

Read more at Yahoo Finance: This is why Analysts are Bullish on Block, Inc. (XYZ) Despite 20% Pullback