Based on the average brokerage recommendation (ABR), Block (SQ) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
Square stock bulls focus on its merchant, Cash App and Afterpay synergies. Management touts Cash App banking services as a key growth driver.
Square stock popped after Block reported Q1 earnings and revenue that topped estimates while EBITDA guidance came in above expectations.