SQ heavy volume soared！Institution: It can be doubled!

Tiger_comments
2022-02-10

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$Block(SQ)$, formerly known as Square, was created by Twitter$Twitter(TWTR)$Founded by co-founder Jack Dorsey, it was originally a payment company selling POS machine services, and its revenue mainly came from offline merchants.

In recent years, the company has turned to online payment, blockchain, bitcoin and other technologies, and launched a powerful Cash App, which, in addition to traditional payment functions, also includes bitcoin transactions, stock transactions, and bonded services.

The active number of Cash App has grown rapidly, more than doubling in 2021, and currently has more than 70 million people.

In December last year, Dorsey resigned as CEO of Twitter and announced that Square would be renamed Block Inc, which means:

Square will ALL In blockchain and other new technologies, while Dorsey will put all his energy into Block.

Institutions on Wall Street believe that the continued development of Cash App, the core product of Block, will further disrupt the market position of traditional brokers and banks, and even subvert them. So,Block is seen by investors as a true growth technology company.

Block itself also holds a large amount of Bitcoin assets, so its stock price will also be affected by the Bitcoin market.

In recent months, Block's share price has fallen by more than 60% from its highs due to the weakening of Bitcoin and the increase in interest rates:

But recently, Block has shown obvious support around US $100. Institutions have also given "buy" ratings. The target price is generally above US $200, and the increase space reaches 100%:

  • BTIG: Buy rating, target price of $230;
  • Mizuho: Buy rating, target price of $210;
  • Keybanc: Overweight rating, target price of $225;
  • Jefferies: Buy rating, target price of $200.

......

Finally, let's talk:

  • Do you think you can buy now Block (SQ)?

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  • JZ8
    ·2022-02-10
    can start to nimble on $Block(SQ)$ . Recent rally can bring the share up another 5-10% before the 16 March FOMC at least
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  • SR050321
    ·2022-02-10
    Among so many stock must pick which one got the chance to go up and favourite, otherwise you will be in position pump and dump.
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  • Kaixiang
    ·2022-02-11
    Growth stocks under pressure due to rate hikes concern. Payment industry is also highly competitive, not forgetting latest competition from Apple. Suggest wait and see
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  • Yellow Tiger
    ·2022-02-11
    The last time i heard about this stock it was aqquiring afterpay, n everyone was rushing in to get AFTPY for a premium price and they bleed !
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  • GTig
    ·2022-02-12
    [喜欢]
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  • 百汇
    ·2022-02-12
    还不熟悉，等等吧……[暗中观察]
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  • RieslingHawk
    ·2022-02-12
    Shorting this will yield a good outcome.
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  • xuero
    ·2022-02-14
    这只股票有很好的潜力。我机构评级对价格波动有很大影响。可能可以购买并长期持有。短期波动仍将存在。
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  • bernardtayet
    ·2022-02-10
    Block有很好的商业模式，但在支付应用程序中使用比特币有风险。价格可能会上涨，也可能会大幅下跌。我将购买块为强大的现金流和当价格低于100美元。
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  • MHh
    ·2022-02-10
    绝对有潜力增长。才是真正的颠覆性创新！但至少要等到第一次加息的消息公布后，才会考虑买入。
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    • MHhReplying todoubleZ: 
      永远不知道…由于市场的恐惧和动荡的局势。[邪恶]
      2022-02-11
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    • doubleZ: 
      再打折？我不这么认为。他们的支撑线已经在100美元左右。
      2022-02-11
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    • doubleZReplying toMHh: 
      谢谢你的提醒。会考虑。看起来打折了。
      2022-02-10
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  • ___ _
    ·2022-02-10
    Anything below $100 seems a good buy.  But personally I'll wait for the financial report announcement on 24th Feb to study their results before making any decision.
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  • Wayneqq
    ·2022-02-10
    It definitely has first mover advantage in the field of cryptocurrency transactions.. but will need to see how it plans to expand and develop this business.. not a very compelling buy at the moment
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  • pekss
    ·2022-02-11
    $Block(SQ)$ fortune correlates with that of Bitcoin, so unless one is ready for the kind of volatility of Bitcoin, it is better to stay away from $Block(SQ)$ and study other FinTech counters.
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  • hd87
    ·2022-02-10
    I currently have about 5% ARRK under my portfolio that also holds Block (SQ) position. I might consider buying Block SQ once the economic is more visible in future.
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  • DiAngel
    ·2022-02-10
    Everyone is waiting at the sideline to have bargain hunting. Bill Gates quote : “Patience is a key element of success”. 🤣🙏
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    • DiAngel: 
      Thanks for the invite @MHh
      2022-02-10
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    • MHhReplying toDiAngel: 
      [Smile]
      2022-02-10
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  • hmanxx
    ·2022-02-14
    Block will shield better under high interest rate environment?.
    all tech growth stocks will suffer from rate hike environment ?
    who make more profits and with better profits margin will win.
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  • StayHome
    ·2022-02-13
    $Block(SQ)$ got potential only if it is able to keep increasing its Cash App users beyond 100 million ppl …. as $Apple(AAPL)$ is also trying to get a market share ….
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  • JL28168
    ·2022-02-13
    high risk high return...for fundamental n long term investment, bitcoin or bit related stock never is good choice or option...for risk taker n very short term trader, will go for it...
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  • Et1502
    ·2022-02-12
    $BLOCK(SQ)$ FinTech & e-Payment Technologies will be the future of 21st century business transaction system, ie Individual2Business2Business2Individual. BLOCK is in the middle of the “sweet-spot”.
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  • pekss
    ·2022-02-11
    SQ has thrived during COVID-19 shutdowns. Its challenge would be to remain relevant with the economy re-opening and with competitions from the incumbents the likes of Visa and Mastercard.
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