{"id":691080,"date":"2026-06-08T05:36:11","date_gmt":"2026-06-08T05:36:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/691080\/"},"modified":"2026-06-08T05:36:11","modified_gmt":"2026-06-08T05:36:11","slug":"block-xyz-added-to-the-us-conviction-list-at-goldman-sachs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/691080\/","title":{"rendered":"Block (XYZ) Added to the US Conviction List at Goldman Sachs"},"content":{"rendered":"\n

Block, Inc. (NYSE:XYZ<\/a>) is included among the 10 Most Volatile Stocks to Buy in S&P 500<\/a>.<\/p>\n

\"Block Block (XYZ) Added to the US Conviction List at Goldman Sachs <\/p>\n

Photo by Viacheslav Bublyk<\/a> on Unsplash<\/a><\/p>\n

Block, Inc. (NYSE:XYZ) builds ecosystems focused on commerce and financial products and services in the United States and internationally.<\/p>\n

On June 1, Block, Inc. (NYSE:XYZ) was added to Goldman Sachs\u2019 US Conviction List as part of the firm\u2019s monthly update. The analyst expects the company to deliver an above-consensus earnings growth of 64% in the ongoing year. Goldman believes that Block will execute on its plans to attract more and \u201cstickier\u201d users to its platform.<\/p>\n

Goldman maintains a \u2018Buy\u2019 rating on Block, Inc. (NYSE:XYZ) with a price objective of $95, indicating an upside of over 39% from the current levels.<\/p>\n

Block, Inc. (NYSE:XYZ) exceeded expectations in its Q1 2026 report last month, driven primarily by the sharp growth in profits from the Cash App. Moreover, the company raised its full-year 2026 outlook as it continues to benefit from the resilient consumer spending and strong growth in its core businesses. The payment firm is now projecting its annual gross \u200bprofit to be $12.33 billion in 2026, up from its previous forecast of $12.20 billion. The revised guidance indicates a growth of over 19% compared to last year.<\/p>\n

While we acknowledge the potential of XYZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the\u00a0best short-term AI stock<\/a>.<\/p>\n

READ NEXT:\u00a012 Best Dividend Stocks to Invest In According to Hedge Funds<\/a>\u00a0and\u00a010 Best Renewable Energy Stocks to Buy According to Billionaires<\/a><\/p>\n

Disclosure: None. Follow Insider Monkey on Google News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Block, Inc. (NYSE:XYZ) is included among the 10 Most Volatile Stocks to Buy in S&P 500. Block (XYZ)…\n","protected":false},"author":2,"featured_media":691081,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[23,14651,11971,28222,851,299898,3,21,19,22,20,25,24,299897],"class_list":["post-691080","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-states","tag-america","tag-block","tag-earnings-growth","tag-goldman-sachs","tag-inc","tag-most-volatile-stocks","tag-news","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa","tag-viacheslav-bublyk"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/691080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=691080"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/691080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/691081"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=691080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=691080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=691080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}