Block Q4: Strong Growth Story And Compelling Valuation
SQBLOCK(SQ) Seeking Alpha·2024-02-28 04:11

Sean Zanni Prelude I initially covered Block (NYSE:SQ) in February of 2023 noting that Block has very strong growth prospects with the primary risk of stock-based comp equity dilution. Management executed well on the growth thesis in 2023 and addressed equity dilution risk with a buyback program which led to my most recent Buy rating in December of 2023. The recent earnings report strengthened my growth thesis and I am upgrading Block to a Strong Buy in this article. Revenue came in $63.59m above estimate r ...