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1 Reason Block Stock Is a Screaming Buy, and 1 Reason to Avoid It Like the Plague

TheMotleyFool

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1 Reason Block Stock Is a Screaming Buy, and 1 Reason to Avoid It Like the Plague: https://g.foolcdn.com/editorial/images/745067/qr-code-mobile-payment.jpg

It's safe to say that shareholders of Block (NYSE: SQ) are wishing for better days. The stock is down 80% from its all-time high from August 2021. And just this year, shares have dropped 11%, a poor showing as the overall market has risen double digits.

The popular fintech stock is also down 24% since executives revealed second-quarter financial results on Aug. 3. This is odd given that Block beat Wall Street analyst estimates for revenue and adjusted earnings, while also raising its full-year forecast.

What should investors do? To help answer that pressing question, let's consider one reason to buy the stock, as well as one reason to stay away.

Source Fool.com

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