Block: Looking More Attractive, But Problems Remain (Rating Upgrade)

Summary:

  • Block, Inc.’s share price has been a major disappointment for investors, even as sell-side analysts have been recommending the stock for years.
  • The last two quarters offered investors some respite as certain areas of the business are improving.
  • The stock, however, is not a buy yet as certain problems persist and the macroeconomic environment is unlikely to remain supportive.

Third-Party Payment Apps

hapabapa

The past few years have been very rewarding for investors chasing momentum and high-growth companies in the technology sector. Due to excessive liquidity within the markets, this segment of the equity market has experienced unprecedented tailwinds that are now


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Please do your own due diligence and consult with your financial advisor, if you have one, before making any investment decisions. The author is not acting in an investment adviser capacity. The author's opinions expressed herein address only select aspects of potential investment in securities of the companies mentioned and cannot be a substitute for comprehensive investment analysis. The author recommends that potential and existing investors conduct thorough investment research of their own, including detailed review of the companies' SEC filings. Any opinions or estimates constitute the author's best judgment as of the date of publication, and are subject to change without notice.

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