Block Stock Has 33% Upside, According to 1 Wall Street Analyst
Block (NYSE: SQ) stock has always seemed a little weird to me -- even before it changed its name from "Square," to "Block," but forgot to tell its ticker symbol.
One of the hottest stocks of the late 2010s, shares of this early fintech stock really took off during the coronavirus pandemic in 2020-21 as investors warmed to its contactless payment technology. The weird thing, though, is that 2020 was the year after Block's profits had already peaked, and its earnings began to decline -- ultimately hitting a nadir of $520 million in losses in 2022.
But things may be starting to turn around for Block. Last year, the company reported positive profits again. And now, one analyst is predicting that Block stock could rocket 33% this year. According to Argus Research, Block stock could soon return to a $100 share price not seen since the darkest days of the pandemic.
Source Fool.com
Square Inc. Stock
Currently there is a rather positive sentiment for Square Inc. with 5 Buy predictions and 0 Sell predictions.
As a result the target price of 87 € shows a positive potential of 24.98% compared to the current price of 69.61 € for Square Inc..
