Down 62% This Year, This Growth Stock Is a No-Brainer Buy Before 2023
Since August 2021, Block (NYSE: SQ) (formerly Square) has shed almost three-quarters of its value, yet it's roughly at the same price levels it was in January 2020 before the bear-to-bull market experienced during the COVID-19 pandemic. Block's various businesses will likely be sensitive to macroeconomic conditions in the near future, but that shouldn't deter long-term investors.
With Block stock down 62% this year, here's why it's a buy before 2023.
Block's bread and butter has always been its Square ecosystem, which aims to make the financial side of business easier for companies. What started as point-of-sale (POS) hardware that made it easier for businesses to accept payments has grown into a full suite of services that cover commerce, banking, staff, and customers.
Source Fool.com
