{"id":144137,"date":"2024-12-06T19:30:24","date_gmt":"2024-12-06T17:30:24","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144137"},"modified":"2024-12-06T15:24:37","modified_gmt":"2024-12-06T13:24:37","slug":"this-crypto-stock-poised-for-strong-growth-in-2025-analysts-predict","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/this-crypto-stock-poised-for-strong-growth-in-2025-analysts-predict\/","title":{"rendered":"This Crypto Stock Poised for Strong Growth in 2025, Analysts Predict"},"content":{"rendered":"
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\u2019s strategic moves, such as a boost in Square\u2019s Gross Payment Volume (GPV) and ongoing operational efficiencies, will drive significant growth.<\/p>\n
Bernstein also pointed out that Block is well-positioned for the S&P 500, with a solid balance sheet that includes significant cash reserves.<\/p>\n
Block\u2019s 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.<\/p>\n