Is Block Stock a Buy?
The S 500 recently surged to new all-time highs following the Federal Reserve's first interest rate cut in two years. Although the broader market index continues to go higher, that doesn't mean there aren't deals out there for patient investors today.
Block (NYSE: SQ) is one stock that is still 76% below its all-time high from over three years ago. The company has taken a page out of bigger tech companies' playbooks and is looking to cut costs and become more efficient to improve margins and the bottom line. It is making solid progress on its initiatives, but is it enough to make the stock a buy today?
Block offers a suite of financial products that appeal to businesses and individuals. The company's original product, the Square point-of-sale system, enables businesses to process payments and manage sales and inventory. First launched in 2009, this novel technology allows small businesses to accept payments quickly and easily using a smartphone or tablet and helped usher in a new age of digital payments.
Source Fool.com
Square Inc. Stock
Our community is currently high on Square Inc. with 4 Buy predictions and 0 Sell predictions.
With a target price of 85 € there is a hugely positive potential of 51.92% for Square Inc. compared to the current price of 55.95 €.
