Block Inc (Extended Hours) stock forum
SQ - bullish based on ew chart pattern, and company fundamentals
SQ sideway for far too long.
SQ on the daily we are sitting smack-dab on the 200 day moving average. may be a good entry point if volume looks good. havent checked that yet. I'm waiting to see if we hold the line.
SQ zoom out, she’s bullish af
SQ First goal $80. Second goal $86
SQ a place to buy BTC, their revenue and profits will grow this year.$200+ soon.
SQ back to 100 soon
SQ $95 Lets Goooooooooooooooooo!!!!!!!!!!!!!!
SQ Why Block Can Be Bullish After EarningsBlock, formerly known as Square, has shown promising signs that could lead to a bullish outlook after its recent earnings report. Here are some reasons why:
Solid Earnings Report: Block’s stock price jumped over 4% after it reported solid earnings1. This positive reaction in the market indicates investor confidence in the company’s financial performance.
Wins for Buyer and Seller Ecosystem: Block announced numerous wins for its buyer and seller ecosystem1. This suggests that Block’s products and services are gaining traction, which could drive future growth.
Cost Efficiencies: Block’s management mentioned that it would start reporting adjusted operating income as the company aims to improve cost efficiencies1. This move could enhance profitability and appeal to investors looking for companies with strong operational control.
Diversification of Products and Services: Analysts have highlighted the benefits of Block’s acquisition of Afterpay, which adds more than 16 million customers and 100,000 merchants to its platform2. This diversification could strengthen Block’s market position and boost its long-term prospects.
Undervalued Cash App Business: Bank of America called Block’s Cash App business “quite undervalued,” stressing that the market only assigns about $6.5 billion of value to Block’s Cash App business2. This suggests potential for growth if the market begins to recognize the full value of this segment.
TP 70