RollingCat/iStock via Getty Images Block (NYSE:SQ) shares are up about 34% since I argued the stock was a Buy about a year ago. Today I am confident to reiterate my "Buy" recommendation, as I see my original thesis on Block supported by strong full year 2023 results, with Block managing to score 26% YoY growth, as well as a positive inflection on operating income. Looking into 2024 and beyond, I am encouraged to note Block management's ambition to chase after a $205 billion TAM with an estimated 95% penetra ...

Block's (SQ -1.32%) stock performance in 2020 helped mint a few millionaires. That pandemic-affected year, share prices zoomed higher, rising from $38 to $240.Then everything came crashing down at the end of 2021. In just six months, shares lost more than 80% of their value.Factoring in the decline and the potential this company has, right now is arguably the best time ever to buy Block stock. Two factors in particular stand out. First, shares are remarkably cheap for a company with such impressive growth r ...

Block (NASDAQ: SQ) stock price has erased all the losses it made after the Hindenburg Research short report in 2023. It jumped to a high of $87.52 on Wednesday, 125% above its lowest level in 2023. This price is a few points above $76, where it was trading before the Hindenburg report.Turnaround strategy continuesCopy link to sectionBlock stock price nosedived sharply in 2023 after Hindenburg, the famed short-seller, published a highly critical report. In it, the company warned that Block was inflating its ...

DISTRIBUTED-WORK-MODEL/SAN FRANCISCO--(BUSINESS WIRE)--Today, Afterpay announced a slate of new merchant partnerships, empowering younger consumers to spend within their means through Afterpay’s flexible financial platform. For purchases big or small, consumers can now select Afterpay at checkout to spread their payments out in installments at Diane von Furstenberg, Diggs, For Eyes, HanesBrands, Kendra Scott, Made In Cookware, Molekule, Myka, Namawell, Oak & Luna, Poly & Bark, Shop Premium Outlets, Tornado ...

DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)--Bitkey, the self-custody bitcoin wallet built by the Proto team at Block, Inc. (NYSE: SQ), has started shipping its first hardware devices to customers' homes this week and people can now truly own and manage their bitcoin easily and safely. After opening pre-orders, the team has continued working on finishing additional security and recovery features while putting the final touches to the new Bitkey app, which is now available for download in the App ...

Block (SQ) closed at $81.71 in the latest trading session, marking a +0.22% move from the prior day. The stock's change was less than the S&P 500's daily gain of 1.12%. Meanwhile, the Dow gained 0.61%, and the Nasdaq, a tech-heavy index, added 1.54%.The the stock of mobile payments services provider has risen by 18.43% in the past month, leading the Business Services sector's gain of 2.86% and the S&P 500's gain of 2.06%.The investment community will be paying close attention to the earnings performance of ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Block (SQ) .Block currently has an average brokerage recommendation (ABR) ...

Shares of Block (SQ 2.24%), formerly known as Square, jumped 22% in February according to data provided by S&P Global Market Intelligence. Investors were pleased with its progress, reported in its fourth-quarter results, as well as its 2024 guidance.Is Block finally back?Block became a symbol of the opportunities available in digital payments when its Cash App came onto the scene several years ago. It was a new field to conquer for the company, which previously had its Square sellers business and was veerin ...

Block (SQ) , formerly Square, has endured a challenging two years as the stock has cratered nearly -70% from its late-2021 high. Although the selloff was a major talking point among Wall Street analysts and traders for some time, the stock has seemingly fallen out of the spotlight.For discerning investors, this is exactly what you want to see.People have stopped talking about Block, since the stock has been left behind during the incredible tech rally of the last year. But there are a number of bullish cata ...

Block (SQ -0.28%) stock surged higher last week after the company announced its fourth-quarter results and provided guidance for 2024. Investors were pleased to see the company's cost-cutting efforts come to fruition and gross profits improving, and its guidance for the upcoming year gave even more reason for optimism.Block is well positioned in some key demographics, and with the company getting a handle on its expenses, the stock has explosive upside potential. Here's why Block could be a no-brainer for i ...