Professional
Added to YB: 2024-09-20
Pitch date: 2024-09-11
SQ [bullish]
Block, Inc.
+46.11%
current return
Author Info
No bio for this author
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Company Info
Block, Inc., together with its subsidiaries, builds ecosystems focused on commerce and financial products and services in the United States and internationally.
Market Cap
N/A
Pitch Price
$63.45
Price Target
90.00 (-3%)
Dividend
N/A
Sector
Financial Services
Category
value
Block, Inc.: Block Has Made Progress in Improving Profitability
SQ: Narrow moat niche player, not disruptor. Square biz moves upstream, 2/3 volume from >$125k GPV merchants. Cash App shows promise. FV $90, 25.7x 2024 earnings. 12% 5yr rev CAGR. Margins to improve (34% adj EBITDA, 11% GAAP op). Risks: macro sensitivity, profitability concerns, high pricing limits growth.
Read full article (8 min)