4 Reasons to Buy Block (Square) Stock Like There's No Tomorrow
The stock is down almost 80% from its all-time high, but evidence points to brighter days ahead.
The company formerly known as Square but changed its name to Block (NYSE: XYZ) is one of the more interesting companies you'll come across. It was a market darling during the COVID-19 pandemic, known for its merchant-friendly commerce and peer-to-peer payment ecosystems.
However, the fintech company has fallen out of favor with the market. Shares now sit nearly 80% below their all-time highs.
As painful as the decline has been for those who bought at higher prices, investors should view this innovative business with a fresh perspective. Look closely; you'll see many ways the company can deliver for shareholders over the coming years.
