SQ Stock Recent News
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Block stock trades at just 2.4 times sales, a bargain given its high growth rates. The company proved that it could generate a profit last quarter, lifting the stock price.
Fintech is projected (by QED Investors) to reach $1.5 trillion (~20% CAGR) by 2030, driven by massive and rapid digital adoption within the traditional financial services industry. Fintech growth is projected to be especially pronounced in the Latin American markets, led by Brazil and Mexico, at a CAGR of nearly 30% during the same time period. Three payment processing and banking stocks, including two with primary markets in Brazil, and one U.S.-based giant looking to expand globally, top SA's fintech Strong Buy list.
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.
In an era of fast technological innovation and fluctuating market landscapes, spotting the next big investment opportunity is like traversing a maze of unknowns. Despite the complexity, there are lights of invention that promise to survive the storm and thrive in its midst.
Block (SQ) closed the most recent trading day at $81.71, moving +0.22% from the previous trading session.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Focus List.
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?
Recently, Zacks.com users have been paying close attention to Block (SQ). This makes it worthwhile to examine what the stock has in store.
Thanks to Bitcoin's recent epic run, stocks such as Block (SQ), Coinbase Global (COIN) and Nvidia (NVDA) are poised to benefit.
Both Block and Nu shares offer investors a way to ride a multidecade growth opportunity. Nu stock is expensive, but it is successfully tapping a potential $1 trillion opportunity.