Following years of incredible price gains, Block (NYSE: SQ) shares have been in the doldrums. After peaking in 2021, the shares are now 66% off of their highs. That includes a 27% rise in 2023, just a tad more than the S 500.

At its previous highs, Block stock was exchanging hands at an astronomical valuation. It's now trading at just over 2 times trailing-12-month sales. But that's only a bargain if there's an exciting future ahead for Block. Let's see where to expect it to be next year at this time.

Block's original business was its small, square-shaped card reader that could attach to a smartphone and process credit card transactions for sellers. (The product, called square, was also the company's original name.) At the time, that was serious tech. Today, it has continued to compete in what's now a crowded fintech industry chock-full of new technological advances all the time.

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Source Fool.com