This Crypto Stock Poised for Strong Growth in 2025, Analysts Predict

As Bitcoin astonished the world with its incredible growth in 2024, some investors are looking into the stock market to find the best crypto-related stock to bet on.

Block Inc. (SQ) is receiving strong backing from Bernstein, which has raised its price target for the stock from $90 to $120, highlighting it as its top pick for 2025. The firm believes the company’s strategic moves, such as a boost in Square’s Gross Payment Volume (GPV) and ongoing operational efficiencies, will drive significant growth.

Bernstein also pointed out that Block is well-positioned for the S&P 500, with a solid balance sheet that includes significant cash reserves.

Block’s recent performance during the Black Friday-Cyber Monday shopping period supports the optimistic outlook. Transactions reached an all-time high, with a notable 17% year-over-year increase. Additionally, the integration of Afterpay with Google Pay could be a major driver of future revenue, expanding the Buy Now, Pay Later (BNPL) service and appealing to younger consumers.

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In its third-quarter earnings report, Block demonstrated strong results, with a 6.4% increase in revenue and impressive gains in adjusted earnings. Despite a solid performance, analysts note that the stock remains reasonably priced compared to its growth potential, with a forward P/E ratio under 23.

With other firms, like BTIG and Goldman Sachs, also increasing their price targets, Block’s outlook for 2025 remains positive. While some caution around short-term risks exists, Block’s innovative initiatives and financial stability suggest a solid long-term growth trajectory.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.