The post Bernstein names this Bitcoin-related stock as its best idea for 2025 appeared on BitcoinEthereumNews.com.

Bernstein has spotlighted Block Inc. (NYSE: SQ) as its “new best idea” for 2025, raising the stock’s price target from $90 to $120 while maintaining an “Outperform” rating.  This bullish forecast stems from multiple catalysts, including accelerated growth in Square’s Gross Payment Volume (GPV), robust 30% EBITDA gains from operational efficiencies, easing regulatory pressures, and the potential for inclusion in the S&P 500 Index. Block five-day stock price. Source: Finbold Currently trading at $95.87, Block has experienced a remarkable 24% gain over the past month, with its year-to-date performance up by 32%. Its valuation remains appealing, with 16% of its market capitalization held in cash, providing ample flexibility for growth initiatives. Following Bernstein’s announcement, the stock climbed 1.7% in premarket trading on Monday. Bernstein also projects that Block could generate $3.0 billion to $3.5 billion in cash flow by the end of 2025. Strong black friday-cyber Monday performance supports growth outlook Block’s recent success during the Black Friday and Cyber Monday weekend underscores its growth potential.  Sellers leveraging Block’s ecosystem of commerce tools facilitated a record-breaking 144 million transactions globally, marking a 17% increase year-over-year. Online and in-store sales surged by 21% and 17%, respectively, driven by high demand for mega-discount deals during the shopping weekend. The integration of Afterpay with Google Pay ahead of the holiday season is another key growth driver. This move allows customers to split purchases into installments directly through Google Pay, expanding Afterpay’s reach and bolstering Block’s revenues.  “Afterpay’s integration with Google Pay comes at the perfect time as next-gen shoppers are fueling mainstream use of BNPL, mobile commerce, and digital wallet use,” said Tanuj Parikh, Head of Global Partnerships, Afterpay, and Cash App. The rollout of Afterpay on Cash App Cards is expected to transform the cards into a viable alternative to traditional credit…

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Filed under: News - @ December 6, 2024 11:22 am