Bernstein has identified Block Inc. as its "new best idea" for 2025, raising the stock's price target from $90 to $120. Multiple catalysts are driving this bullish forecast, including accelerated growth in Square's Gross Payment Volume, operational efficiencies leading to 30% EBITDA gains, easing regulatory pressures, and the potential for inclusion in the S&P 500 Index. Block's recent success during the Black Friday and Cyber Monday weekend, as well as the integration of Afterpay with Google Pay, further highlight its growth potential. The company's strong balance sheet and valuation also make it an attractive investment option. Other analysts, such as BTIG and Goldman Sachs, have also raised their price targets for Block, reaffirming the stock's potential. While some analysts caution about near-term risks, Block's long-term growth potential remains supported by strong fundamentals and innovative product rollouts.



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