Investors Are Underestimating Block's Potential
Shares of financial technology stock Block (NYSE: SQ) are trading 65% off highs of just a few months ago, even including its bounce after a very strong earnings report. Not only are investors selling growth stocks, but they've also been abandoning companies like Block who were seen as beneficiaries of the pandemic's shift to e-commerce.
But the recent earnings report shows that Block may be better off than investors previously thought. The company's seller business is doing well, the consumer business is booming, and there are growth opportunities in crypto on the horizon as well.
Image source: Block.
Source Fool.com
