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Multiple analysts, including TD Cowen, RBC Capital, and UBS, reaffirmed Buy or Outperform ratings for Block Inc. (XYZ) with price targets up to $91.
Fintech stocks show mixed performance as the digital payments market is projected to reach $361.3 billion by 2030, with SoFi (SOFI) shares gaining 78.9% in six months while Circle (CRCL) has fallen 49.4% since its IPO.
UBS reiterated its 'Buy' rating for Block, Inc. (XYZ) with a $90 price target, citing strong forward guidance. The bank's bullish stance is based on the company's projection for significant, sustained gross profit growth through 2028.