Block is home to the Cash app, which is growing like fire.
The rapid growth of one of its most valuable business segments could be a catalyst that lifts Block (SQ -1.68%) stock higher in 2023. Fool.com contributor and finance professor Parkev Tatevosian explains why he thinks that might be the case.
*Stock prices used were the afternoon prices of May 26, 2023. The video was published on May 28, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Block. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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