Is Block Stock a Once-in-a-Generation Buying Opportunity? Yes, But Only If You're Bullish on This Top Cryptocurrency
With Square for merchants and Cash App for individuals, Block (NYSE: SQ) operates two thriving ecosystems. These two segments are leaders in their respective markets, a standing that has led to this business carrying a $45 billion market cap.
Since its initial public offering in 2015, this top fintech stock has doubled the gain of the Nasdaq Composite Index. However, it's currently 74% below the peak price set in August 2021 (as of May 17).
Some investors might think this makes Block a once-in-a-generation buying opportunity. I think this perspective has merit, but that's only if you're also bullish on a top cryptocurrency.
Source Fool.com
Square Inc. Aktie
58,06 €
-0,22 %
Leichte Kaufneigung bei Square Inc., mit mehr Buy- als Sell-Einschätzungen.
Das durchschnittliche Community-Kursziel von 87 € für Square Inc. impliziert eine Steigerung von über 20% gegenüber 58.06 €.
