Block's (NYSE: SQ) stock plunged nearly 80% over the past 12 months as the fintech giant disappointed investors with its dismal growth rates. Block rolled out Bitcoin trading on the Cash App in early 2018, but that decision was a double-edged sword. On one hand, it generated a lot of fresh revenue, attracted new users to the Cash App, and diversified its business away from Square's seller-oriented services. Read More...
Benzinga
Analyst Believes Value Of Core Square Seller, Branded Paypal Checkout, FIS Bank Software Assets ‘Undemanding’
KeyBanc analyst Josh Beck ran a SoTP analysis across extensive cap FinTech and walked away the most positive on Block, Inc (NYSE: SQ) (reiterated Overweight, price target $90), PayPal Holdings, Inc (NASDAQ: PYPL) (reiterated Overweight, price target $115), and Fidelity National Information Services, Inc (NYSE: FIS) (reiterated Overweight, price target $115). He believes the value of core Square seller, branded Paypal checkout, and FIS bank software assets are relatively undemanding. At SQ, he as
