Buy, Sell or Hold: Block Inc (SQ-N) — Stock Predictions at Stockchase

NYSE:SQ

83.40

0.04 (0.05%) 1d

Showing 1 to 15 of 103 entries

SELL

He sold it. He graded it a D for its high 266x earnings. Also, he didn't like that 57% of their revenue comes from crypto fees; he expects these fees to decline. Third, their long-term debt increased from $2.6 million to $4.6 billion in one year. Four, earnings expectations are declining.

BUY

She added to Block. Consumer balance sheets remain strong, despite slowing purchases in electronics and other big-ticket items. What to do? She is adding to her position. Block is undervalued in terms of fundamentals and sentiment. It's a quality name that will weather this storm long term

SELL

He sold it at $250 when it was losing momentum. He doesn't see anything to tell him that Block's shares will reverse and bounce. It's an ugly chart.

PARTIAL SELL

Block is incorporating Bitcoin into its system. His problem with Block is that its PE is still very high. Shares jumped 11% today, so take some profits if you own this.

BUY

We're hitting strong technical resistance on the Nasdaq and S&P. The latter has had a huge run; she targets 14,800-15,000 where it will hit strong headwinds. As a trader, she isn't adding fresh trades on high-growth stocks. However, look at Block/Square, which is up 40% compared to PayPal which she owns which hasn't moved that much at all. At some point, markets will make new highs, so which stocks will have more strength. Also look at Nvidia. Once this market gets going you will want to be in this name and Block.

DON'T BUY

Company run by excellent management team (Jack Dorsey). Challenge for company is that cryptocurrency trading not as robust. Competitors such as VISA taking investment away from company. Would rather invest in VISA and Mastercard.

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TOP PICK

Previously known as Square. Soared 8% yesterday. Heavily investing in fintech and Bitcoin but still cash-flow positive. Recently acquired a buy-now, pay-later app. Jim Cramer and Jamie Murray recently gave a BUY signal. Social media mentions are up 975% over the past 24h.

BUY

A Covid winner and now a post-Covid buy Now known as Block. The app is brilliant and easy to use, now includes a buy-now and pay-later option after an acquisition of an app. Share recently surged 26%.

BUY on WEAKNESS

Believes electronic payment sector hit hard with increase in interest rates. Earnings growth rates not as large. Competitive space with many companies(PayPal, Visa etc.). Concern for future margins. Wait for more stability in market before buying shares.

COMMENT

Believes is very innovative company, and Jack Dorsey is very competent. Hard to know future of the company. In the right space, yet highly valued. Higher valuations and competitive marketplaces not congruent for very long. If there is a market pullback, could be hard on the companies stock.

DON'T BUY

In freefall and hasn't settled. Difficult time keeping its multiples and profitability up with rising interest rates. For a global payments player, look at PYPL, which has formed a bottom.

DON'T BUY

How will inflation impact them in the future? Now called Block. They far overpaid for an Australian company and that destroyed this stock.

DON'T BUY

Chart has been sideways and up and down. More concerning that stock's fallen below the 200-day MA, and the MA has started to turn. Higher valuation than others. Forward PE is 129x, 5.5x price to sales. Higher interest rates hit high valuations.

TOP PICK

Likes it more than PYPL. Ecosystem by offering services to merchants and consumers, and they're closing the loop. Being used as a one-stop shop. This is a perfect example of how fintech is disruptive. With so many features being rolled out, hard to grasp where the total addressable market is. No dividend. (Analysts’ price target is $296.19)

DON'T BUY

Fintechs have been under pressure lately except Affirm, and now they face more competition. SQ reports Thursday and he doesn't expect much.

Showing 1 to 15 of 103 entries

Block Inc(SQ-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 11

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 9

Total Signals / Votes : 20

Stockchase rating for Block Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Block Inc(SQ-N) Frequently Asked Questions

What is Block Inc stock symbol?

Block Inc is a American stock, trading under the symbol SQ-N on the New York Stock Exchange (SQ). It is usually referred to as NYSE:SQ or SQ-N

Is Block Inc a buy or a sell?

In the last year, 20 stock analysts published opinions about SQ-N. 11 analysts recommended to BUY the stock. 9 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Block Inc.

Is Block Inc a good investment or a top pick?

Block Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Block Inc.

Why is Block Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Block Inc worth watching?

20 stock analysts on Stockchase covered Block Inc In the last year. It is a trending stock that is worth watching.

What is Block Inc stock price?

On 2022-05-23, Block Inc (SQ-N) stock closed at a price of $83.4.

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