Block: Profitability Tailwinds, But The Stock Is Running Ahead Of Itself
Source: SeekingAlpha
2025-01-09 13:09:06 ET
Summary
- Block's recent share price rally could be sustained in the near-term, but the stock is not a Buy.
- In spite of the profitability tailwinds and all the hype around bitcoin, the stock is priced at a significant premium.
- The path towards high GAAP profitability remains elusive and long-term shareholders are taking too much risk at current levels.
After years of disappointing performance, Block, Inc. (NYSE: SQ ) share price has finally rewarded shareholders with above-market returns over the course of the past few months. ...
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Block: Profitability Tailwinds, But The Stock Is Running Ahead Of Itself
Square Inc. Class A
NASDAQ: SQ
SQ Trading
0.0% G/L:
$86.96 Last:
5,796,988 Volume:
$87 Open:
