Block Stock: Buy, Sell, or Hold?
Block (NYSE: SQ) was once the subversive fintech innovator, launching revolutionary new products that changed how people shop and spend. It sparked a transformation in merchant payments with its little square credit card reader that attached to a smartphone, and it has since created multiple convenient solutions for merchants and consumers.
However, it might have gone too far for some investors, and it's been dealing with other problems, too. Block stock is down as much as 76% from its highs. Is this a bargain buy or a value trap? Let's lay out some of the story and decide.
Block has demonstrated incredible growth over the past few years in both of its businesses, Square sellers services and Cash App. Merchants continue to join the sellers platform, which automates and connects services across a business and simplifies management. It's targeting more mid-market accounts, moving up from the small businesses that are its bread and butter, and enterprise users are higher-paying. Cash App targets individual users with financial services including bank accounts and credit cards and is one of the most popular peer-to-peer payment services.
Source Fool.com
Square Inc. Stock
Square Inc. is currently one of the favorites of our community with 6 Buy predictions and no Sell predictions.
With a target price of 87 € there is a positive potential of 43.4% for Square Inc. compared to the current price of 60.67 €.
