Published on 31 May 2024 on Motley Fool via Yahoo Finance
Is Block Stock a Buy?
The S&P 500 index continues to ascend to new highs, but that doesn't mean you can't find stock deals. Block (NYSE: SQ) is one stock that has failed to bounce back with the broader market and remains down 75% from its all-time high price from a little over two years ago.
Block is taking steps to achieve sustainable growth and better profit margins, an initiative that will take a couple of years to achieve. The company has shown solid progress thus far, but is it enough for investors to buy the stock today?
Block's Cash App is the most widely used investment app