11 Best Digital Payments Stocks to Buy According to Analysts

1. Block, Inc. (NYSE:XYZ)

Analysts’ Upside Potential as of April 9: 89.63%

The Best Digital Money Stock, Block, Inc. (NYSE:XYZ), previously known as Square, has expanded from a tool for merchants to accept credit cards through mobile devices to a large-scale financial ecosystem for consumers and small businesses. Today, the firm processes payments for merchants at an annual pace of over $240 billion, has a specialized banking subsidiary (Square Financial Services) and operates a booming small business financing platform.

Block, Inc. (NYSE:XYZ)’s Cash App is particularly noteworthy, with 57 million active monthly users as of late 2024 and nearly limitless potential to expand its consumer financial service offerings. The site already supports direct transfers, debit cards, Bitcoin buying and selling, and an easy-to-use stock trading interface. Cash App could still be in its early phases of commercialization, with significant upside potential in the future.

Block, Inc. (NYSE:XYZ) delivered a solid financial performance in 2024, with gross profit climbing 18% YoY to $8.89 billion, driven by Square’s 15% growth and Cash App’s 21% increase. Adjusted EBITDA rose 69% to $3.03 billion, whereas adjusted operating income climbed more than 4.5 times to $1.61 billion. Cash App’s paycheck deposit actives reached 2.5 million, a rise of 25% year on year, following the launch of Afterpay on Cash App Card and growth plans for Cash App Borrow. Square GPV jumped 10% YoY in Q4, with U.S. growth improving by 200 basis points to 6.9%, boosted by higher same-store sales and retention.

Looking ahead, Block, Inc. (NYSE:XYZ) projects at least 15% YoY gross profit growth in 2025, despite currency headwinds and increasing marketing and product development investments.

Overall, Block, Inc. (NYSE:XYZ) ranks first among the 11 Best Digital Payments Stocks to Buy According to Analysts. While we acknowledge the potential of digital payment companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than XYZ but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks to Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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