William Blair analyst Andrew Jeffrey has maintained their bullish stance on XYZ stock, giving a Buy rating today.
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Andrew Jeffrey has given his Buy rating due to a combination of factors that reflect both optimism and caution about Block’s future performance. He acknowledges the potential for growth in Block’s Cash App, especially with the integration of Buy Now, Pay Later (BNPL) services, which could enhance gross profit growth in the latter half of 2025. Despite some inconsistencies in Cash App’s results, Jeffrey remains positive about its long-term value proposition and believes that better monetization strategies, such as direct deposit penetration, could strengthen its market position.
Moreover, Jeffrey highlights the relatively strong performance of Square, particularly in international markets where it has shown significant volume growth. Although U.S. growth remains a concern, with competitive challenges affecting GPV growth, he sees progress in Square’s competitive strategies and go-to-market improvements. The valuation of Block is seen as compelling, offering a good risk/reward balance, even though identifying immediate catalysts remains challenging. Overall, Jeffrey’s rating reflects a belief in Block’s potential to overcome current hurdles and achieve long-term growth.
According to TipRanks, Jeffrey is a top 100 analyst with an average return of 13.9% and a 64.53% success rate. Jeffrey covers the Technology sector, focusing on stocks such as WEX, Block, and Affirm Holdings.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $69.00 price target.