On March 8, 2023, the CBI Committee Grenada conference was held, at which the...
What does the modern consumer value? Speed, clarity, variety and technology. Preferably in an attractive interface and on a progressive platform. All this is Block, a company that develops solutions for accepting and processing electronic payments.
Online transactions are a direction that has been developing very dynamically in recent years. The global volume of digital payments in 2022 is expected to be about $8.5 trillion, according to Statista estimates. By 2026, it may expand almost twice. This means that online payment providers will increase their revenue figures. If in 2019 the total revenue of providers was $78 billion, then by 2030 it may be at least $ 160-168 billion, according to Market Research.
Block’s Strengths:
Risks:
Analogue companies are still fundamentally different from Block – these are PayPal, Visa and MsaterCard, Upstart, Flywire and others.
Technically, there is a mixed picture on the daily chart of the Block stock. The MACD indicator rises from the negative zone and forms a buy signal. The Stochastic oscillator declines in the positive zone and gives a sell signal. The nearest resistance levels are $74 and $81. The consensus estimate for the securities is $85-90 for a 1-year perspective.
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