1 Growth Stock Up 72% That's a Screaming Buy

By Travis Hoium – Jan 20, 2024 at 6:45AM

NYSE: SQ

Block

Market Cap

$46B

Today's Change

(2.32%) $1.69

Current Price

$74.48

Price as of April 26, 2024, 4:00 p.m. ET

With digital payments and e-commerce at its back, this stock is poised for long-term growth.

Digital payments and e-commerce have exploded over the past decade, but they're still a booming market. One company has figured out a way to grow and is now turning toward profitability, which could help the stock skyrocket.

Travis Hoium breaks down this stock and its growth trends in the video below.

*Stock prices used were end-of-day prices of Jan. 15, 2024. The video was published on Jan. 18, 2024.

Travis Hoium has positions in Block. The Motley Fool has positions in and recommends Block, Mastercard, and Visa. The Motley Fool recommends the following options: long January 2025 $370 calls on Mastercard and short January 2025 $380 calls on Mastercard. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.