Block: A Cheap And Solid Fintech Play
Portfolio Pulse from
Block reported strong Q3 '24 results with a 69% year-over-year EBITDA growth, driven by Cash App's performance. The company's shares are attractively valued, making it a strong buy due to its rapid growth and profitability.
November 08, 2024 | 4:15 pm
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Block's Q3 '24 results show a 69% increase in EBITDA, driven by Cash App. The company's shares are attractively valued, making it a strong buy.
Block's strong Q3 '24 results, with significant EBITDA growth and attractive valuation, suggest a positive short-term impact on its stock price. The performance of Cash App and improved cost structure are key drivers.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100