Here Is a Growth Stock That's Actually Growing
Fintech innovator Block (NYSE: SQ) has gone from pandemic darling to post-pandemic goat with shares down 61% this year and nearly 80% below last year's all-time high. A combination of investors transitioning away from high-flying growth stocks, rising interest rates, and its own disappointing performance resulted in Block getting squashed.
Yet that's throwing the baby out with the bathwater, which creates an opportunity for agile investors. Block has relied on its seller ecosystem as its primary growth vehicle for over a decade, but today it's a much more diverse tool for payments, making its severely discounted stock one that should be looked at more closely.
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Source Fool.com
