UBS Reaffirms Buy Rating on Block (XYZ) After Investor Day

Block Inc. (NYSE:XYZ) ranks among the best high growth stocks to buy now. Following Block Inc. (NYSE:XYZ)’s first investor day in three years, UBS reaffirmed its Buy rating and $90 price target on the company’s shares on December 4. According to UBS, Block’s outlook was in line with or just ahead of Wall Street estimates for most measures through 2026, which sees the investor day as an indication of ongoing profitable development across both Square and Cash App ecosystems.

During its 2025 Investor Day, Block Inc. (NYSE:XYZ) presented its three-year financial plan, forecasting mid-teens annual gross profit growth through 2028 to roughly $15.8 billion. The company anticipates that by 2028, its adjusted operating income will increase by almost 30% annually to $4.6 billion, while adjusted earnings per share will rise in the low 30% range per year to $5.50.

UBS emphasized Block’s capacity for innovation, pointing out that the company now has 26 revenue streams that generate over $100 million in gross profit, up from just 5 in 2020, coupled with network effects that the firm believes are difficult for rivals to match.

Block Inc. (NYSE:XYZ), is an American financial technology company that offers a range of financial products and services to consumers and merchants. The company also introduced the Cash App, a network for individual payments.

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Disclosure: None. This article is originally published at Insider Monkey.