20 Best Fintech Stocks to Buy According to Billionaires

4. Block, Inc. (NYSE:XYZ)

Number of Billionaire Investors: 17

Number of Hedge Fund Holders: 81

Block, Inc. (NYSE:XYZ), formerly known as Square, is an American financial technology company that offers a range of products and services to businesses and individuals. The company’s flagship product, Square, helps sellers with payment processing, business management, and financial services. Cash App allows users to send, receive, and hold money, invest in stocks and Bitcoin, apply for loans, and even file taxes. Block, Inc. (NYSE:XYZ) also owns Afterpay, a “buy now, pay later” service, and the music streaming platform Tidal. Thanks to its diverse offerings that serve various customer needs, the company generates multiple revenue streams. XYZ is one of the best fintech stocks to buy according to billionaires.

On March 13, Citi analysts lowered the firm’s price target on Block, Inc. (NYSE:XYZ) from $108 to $90 but maintained a “Buy” rating. This decision follows an analysis of the company’s annual report and Q4 2024 results, along with modifications to future projections. The revised model reflects slightly higher top-line growth expectations but a modest decrease in margin forecasts. Analysts noted that ongoing investments in product development and marketing are expected to drive revenue growth, excluding Bitcoin transactions, through 2026, with improved margin scalability expected. However, the analysts noted that Block, Inc. (NYSE:XYZ) will need to demonstrate stabilization within its Seller ecosystem and increased monetization of Cash App. Despite challenges, the analysts believe that the company’s efforts to grow and improve its services could lead to favorable outcomes for investors.