Bull of the Day: Block (SQ)

From Nasdaq Stock Market: 2024-07-04 04:00:00

Block SQ, a tech stock, is expected to rebound with Q2 earnings approaching. Sales expected to rise 13% to $6.29 billion, with EPS projected to increase by 92%. Cash App’s popularity and innovative POS solutions driving growth. Co-founder Jack Dorsey expanding offerings to include crypto-related services and bitcoin mining. Stock trading at reasonable valuations with strong growth projections for FY24 and FY25. Considered an appealing investment option.

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