SQ - 1 Reason Block Stock Is a Screaming Buy and 1 Reason to Avoid It Like the Plague
2024-03-27 06:05:00 ET
Although shares of Block (NYSE: SQ) are currently 71% below their peak price (as of March 22), they have been trending higher recently. Thanks to a strong fourth-quarter financial update, shares have soared 25% in the last month. Investors might be eyeing the company right now.
Here's one reason this fintech stock is a screaming buy, and one reason to avoid it like the plague.
Investors probably know Block by its former name, Square. But these days, Square is the name of the company's merchant-focused segment. It offers a wide range of hardware, software, and financial services that help business owners better run their operations, including point-of-sale devices, marketing tools, loyalty programs, team management, and working capital loans.
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1 Reason Block Stock Is a Screaming Buy, and 1 Reason to Avoid It Like the Plague