Can Block Stock Double by 2030? History Says Its Secret Weapon Will Reward Investors.
In the five-year period leading up to its all-time high in August 2021, shares of Block (NYSE: XYZ) were up an astonishing 2,430%. They were certainly a favorite among the investment community.However, it's been a much more pessimistic story since then. As of this writing, the fintech stock trades 80% below its record. This is despite it being a much larger business today.At the price-to-sales ratio of 1.5, which is significantly cheaper than its historical average, Block might have the attention of investors looking at things to turn around. Can shares double by 2030? Perhaps the company's secret weapon will provide a boost.Continue reading
In the five-year period leading up to its all-time high in August 2021, shares of Block (NYSE: XYZ) were up an astonishing 2,430%. They were certainly a favorite among the investment community.
However, it's been a much more pessimistic story since then. As of this writing, the fintech stock trades 80% below its record. This is despite it being a much larger business today.
At the price-to-sales ratio of 1.5, which is significantly cheaper than its historical average, Block might have the attention of investors looking at things to turn around. Can shares double by 2030? Perhaps the company's secret weapon will provide a boost.
