Block stock rose 60%. Is it still a buy?
In this week’s video block it (S.Q. -0.06%), the stock price has soared nearly 60% since the day before the earnings announcement in early November. I discuss the various reasons this may have happened and explain why 2024 could be a good year for fintech stocks.
*Stock prices used are as of the trading date of December 1, 2023. The video was released on December 3, 2023.
Neil Rozenbaum works at Block and PayPal. The Motley Fool has positions in and recommends Block, PayPal, and Twilio. The Motley Fool recommends the following options: Short December 2023 $67.50 put on PayPal. The Motley Fool has a disclosure policy.
The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may receive compensation for promoting our services. If you choose to subscribe his link, he will get the extra revenue he needs to support his channel. His opinions remain his own and are not influenced by The Motley Fool.
