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Is Block Stock a Buy?

TheMotleyFool

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Is Block Stock a Buy?: https://g.foolcdn.com/editorial/images/744058/contactless-mobile-payment.jpg

Last year was a tough one for investors, as the S 500 and Nasdaq Composite indexes posted huge declines. This year, however, has been a fantastic turnaround story, as both benchmarks are up double digits as of Aug. 14.

But not all companies have benefited from the rally. Payments software and hardware provider Block (NYSE: SQ) has seen its shares fall 5% so far in 2023. And they remain 79% below their all-time high price.

Is Block stock a buy right now? Let's take a closer look at this fintech business.

Source Fool.com

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