If You Invested $10,000 in Block in 2015, This Is How Much You Would Have Today
Since their initial public offering in November 2015, shares of Block (NYSE: SQ) are up 308%. That result is fantastic when compared to the S 500's 115% gain over the same period. An investor who put $10,000 into Block at that time would be sitting on a balance of just under $41,000 right now, which is definitely encouraging.
But it's not all good news, as shares are now down 81% from their peak price set in August 2021. For such a disruptive and interesting company, perhaps it will be beneficial to look at Block's history, its latest financials, and whether now is a good time to buy the stock on the huge dip.
Block, formerly known as Square, was founded in 2009 by Jim McKelvey and Jack Dorsey, with the primary goal of allowing small merchants to accept card payments directly on their phones.
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 44.09% compared to the current price of 60.38 € for Square Inc..
