score:-8
Chances:
- Goldman Sachs predicts that innovation and growth will drive success for companies like Block, Inc.
- Cash App and Square are steadily recovering after recent outages, indicating resilience in payment services.
- Positive mentions by Cathie Wood’s Ark Invest may attract investor interest and support SQ stock.
- Square’s new booking app, Square Go, can enhance its presence in the beauty and personal care sector.
- Block, Inc. has the potential for a triumphant return to $80 per share, according to some analysts.
Risks:
- Recent outages at Square have put merchants in a bind and may raise concerns about the platform’s reliability.
- Square was downgraded by UBS due to concerns about gross profit and the Cash App’s outlook.
- Market volatility and bearish sentiment have led to a decline in SQ stock, causing losses for investors.
- Competition in the fintech industry and challenges faced by new PayPal CEO can impact Square’s performance.
- SQ stock has lost value over the past week, and it’s important to consider the recent bearish trend.
Score:-8
investment score = chances characters count - risks characters count
References:
- 2023-09-10 Is Block Stock a Buy?
- 2023-09-09 Block outages, Kroger sells stores, RH outlook: Trending Tickers
- 2023-09-09 Stocks to Watch Friday: Apple, Kroger, DocuSign, Block, AMC
- 2023-09-09 Outage at Payments-Platform Square Puts Merchants in a Bind
- 2023-09-09 ‘Tech Is Poised to Dominate’: Goldman Sachs Says Innovation and Growth Will Drive Future Success — Here Are 2 Names the Banking Giant Likes
- 2023-09-09 Block Stock Falls, With Payments Platform Square Hit By Outages
- 2023-09-08 Block (SQ): A Hidden Gem or a Mirage? Unveiling Its True Market Worth
- 2023-09-08 Cash App and Square down? Payment services are ‘steadily’ recovering after hours-long outages
- 2023-09-07 Square Downgraded On Gross Profit, Cash App Outlook
- 2023-09-06 Block stock hit with UBS downgrade