If you are looking for Block Inc (ASX: SQ2) shares later this month, you will have to search up a different ticker code.

That's because the ASX 200 growth stock has just approved a change of ticker for both its Australian and US listed shares.

From 22 January, the payments giant's shares will be trading under the XYZ code on the ASX boards.

But should you be looking to buy the company's shares in any case? Let's see what some analysts are saying about it.

Is this ASX 200 growth stock a buy?

A monthly update out of the ECP Growth Companies Fund reveals that its analysts see value in the Cash App and Afterpay owner's shares at current levels despite a strong run recently. They said:

Block Inc (SQ2) outperformed during December, on increasingly positive investor sentiment post the recent result guiding the market to accelerating Square gross payment volume growth in the US, which is expected to ramp linearly through 2025 as the growing field-sales headcount becomes productive.

Despite the recent run, the stock remains optically good value at less than ~25x 2026 EBIT, opening the door to a meaningfully higher share price as the company proves its ability to execute.

Analysts at the Elvest Fund echoed this view. In its latest monthly report, the fund manager spoke at length about why it thinks this ASX 200 growth stock could be a great long-term option.

In fact, the fund manager is so positive that it has just made the company one of its top five holdings. It said:

Block Inc (SQ2), a new top 5 holding, has numerous compelling growth opportunities for its consumer-side (Cash App) and merchant-side (Square) divisions. Coupled with the company's recent cost-cutting, SQ2 is set up for a period of strong earnings growth.

A key driver of this growth is likely to be the Cash App Card, according to the Elvest Fund. It explains:

The main pillar driving monetisation is Cash App Card, which currently has 24 million active users. SQ2's focus for 2025 is on driving adoption of 'Paycheck Deposit' users from 2 million last year, and integration of Afterpay on Cash App Card, which could significantly improve per-user inflows and monetisation rate, respectively.

Its other top five holdings this month are Life360 Inc. (ASX: 360), News Corporation (ASX: NWS), Navigator Global Investments Ltd (ASX: NGI), and Zip Co Ltd (ASX: ZIP).