BofA Reduces Block, Inc. (XYZ) Valuation Following Peer Weakness

Block, Inc. (NYSE:XYZ) is among the 13 Best Big Tech Stocks to Buy According to Hedge Funds. BofA Reduces Block, Inc. (XYZ) Valuation Following Peer Weakness Block, Inc. (NYSE:XYZ) is one of the best technology stocks on our list. TheFly reported on February 24 that Bank of America reduced its price target for XYZ to $75 from $86 while keeping a Buy rating. The adjustment reflects a lower multiple applied to the company’s 2027 earnings estimate, which is driven by softer investor sentiment for payment s ...