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bearish.Following recent weakness, Block stock is down some 15% versus its year-to-date high.NIO Is Outperforming Even as U.S. Stocks Slump: Can the Uptrend Continue?Iran War, Fed Conundrum and Other Key Things to Watch this WeekUber Expands Robotaxi Empire With Nissan Deal. Is UBER a Buy Now?Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines.www.barchart.comLong-term investors should consider loading up on XYZ stock partly because of its radical pivot toward lean operations.In late February, management announced plans of cutting workforce by a massive 40%, citing AI-driven efficiencies as the catalyst. This restructuring is expected to significantly boost profitability, with experts projecting adjusted diluted earnings per share to soar by 50% this year.By streamlining the organization, Block is effectively lowering its breakeven point and aiming for a staggering $3.2 billion in adjusted operating income for 2026, representing a 54% year-on-year increase.What’s also worth mentioning is that XYZ is still holding its 20-day MA, suggesting bulls remain in control in the near term.Block shares also look attractively priced because the company’s ecosystem — comprising Square and Cash App — remains a growth engine.Rising Cash App transactions and the launch of high-margin lending products continue to drive double-digit gross profit growth.Moreover, XYZ is currently trading at less than 30x forward earnings, which isn’t really expensive given it’s a company strongly positioned to benefit from both AI and crypto tailwinds.A potential recovery in Bitcoin (BTCUSD) price in the coming months will directly boost XYZ’s bottom line by increasing the value of nearly 9,000 BTC on its balance sheet, while simultaneously boosting Cash App’s transaction fees as well.Investors could also take heart in the fact that Wall Street remains bullish as ever on Block for the remainder of 2026.According to Barchart, the consensus rating on XYZ shares sits at “Moderate Buy” currently, with the mean price target of about $84 indicating potential upside of about 40% from here.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersSWMR Swarmer, Inc Common Stock 31.00 +26.00 (+520.00%)TTD The Trade Desk, Inc. 25.07 -2.01 (-7.42%)LULU lululemon athletica inc. 159.27 -0.64 (-0.40%)RKLB Rocket Lab Corporation 78.59 +7.28 (+10.21%)OKLO Oklo Inc. 60.53 +0.84 (+1.41%)PortfolioSign in to access your portfolioSign inTop gainersTSAT Telesat Corporation 42.34 +6.84 (+19.27%)ESLT Elbit Systems Ltd. 1,014.33 +139.83 (+15.99%)LMND Lemonade, Inc. 66.87 +9.13 (+15.81%)BTDR Bitdeer Technologies Group 9.25 +1.05 (+12.80%)SEI Solaris Energy Infrastructure, Inc. 63.19 +6.20 (+10.88%)Top losersTME Tencent Music Entertainment Group 11.37 -3.72 (-24.65%)ASO Academy Sports and Outdoors, Inc. 49.90 -6.61 (-11.70%)SMTC Semtech Corporation 79.21 -9.79 (-11.00%)CRDO Credo Technology Group Holding Ltd 104.06 -12.82 (-10.97%)FRPT Freshpet, Inc. 67.42 -7.95 (-10.55%)Most activeSOFI SoFi Technologies, Inc. 17.37 -0.26 (-1.47%)NVDA NVIDIA Corporation 181.93 -1.26 (-0.69%)ONDS Ondas Inc. 11.28 +0.75 (+7.12%)AAL American Airlines Group Inc. 10.86 +0.37 (+3.53%)INTC Intel Corporation 44.06 -1.70 (-3.72%)Top economic eventsEarnings eventsMy earnings eventsEarnings events