URGENT UPDATE: Two ASX 200 stocks have plunged 30% or more, presenting a potential buying opportunity for investors as the new year approaches. The S&P/ASX 200 Index (ASX: XJO) has surged nearly 3% in the last week alone, but these notable declines could signal a chance to buy low on fundamentally strong companies.
Block (ASX: XYZ), a global leader in payment services, has seen its share price drop from approximately $139 at the start of 2025 to $97.84 by December 23, representing a staggering 30% decline. This downturn occurs despite the S&P/ASX 200 Financials index rising by 8.63% during the same timeframe. Analysts note that Block’s fundamentals remain robust, with a reported 18% year-on-year profit increase in Q3 of 2025 and a projected US$10.243 billion in gross profit for the year, up 15% from 2024.
Moreover, Selfwealth lists Block as undervalued by 87%, while TradingView predicts a 12-month price target of $175.33, suggesting an upside of 79%. Investors may want to consider this stock before the year ends.
In tandem with Block, Telix Pharmaceuticals Ltd (ASX: TLX) has faced even steeper challenges, with its share price plummeting nearly 50% in 2025. However, recent positive trial results could rejuvenate interest. Broker Bell Potter has highlighted the potential for Telix’s targeted therapy, Zircaix, to receive US FDA approval next year, which would significantly bolster revenue prospects. Bell Potter has set a price target of $23.00 for Telix, indicating an upside of over 90%.
As these stocks face significant price corrections, investors are urged to act swiftly. With both companies showing signs of recovery potential and strong fundamentals, this could be an ideal moment to capitalize on their current valuations.
WHAT’S NEXT: Investors should monitor further developments regarding Block’s and Telix’s upcoming earnings reports and regulatory decisions. The next few weeks could be critical for these stocks, making immediate investment decisions paramount.
Stay tuned for updates as we continue to track these developments closely.
