The Potential of Square (NYSE: SQ) to Create Millionaires
The Potential of Square (NYSE: SQ) to Create Millionaires
Despite recent setbacks, Square (NYSE: SQ) remains a promising investment opportunity for those seeking long-term growth and profitability. With a wide range of financial services and a strong user base, the company has the potential to thrive in the evolving fintech landscape.
Valuation upside
Chief Executive Officer Jack Dorsey said last year that the focus is to run a more efficient organization. This means keeping costs in check while driving improved profitability over time.
The plan seems to be working. Block reported an impressive $364 million of adjusted operating income in the first quarter. The expectation is to report $1.3 billion for the full year.
- For a business that has left much to be desired when it comes to bottom-line performance, instead prioritizing growth at all costs, this is welcome news for shareholders.
- The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Block wasn’t one of them.
Management is optimistic about long-term growth potential
The fact that Block, via Square and Cash App, has found tremendous adoption with its target customers gives me confidence that the company will be successful for a very long time.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.