Block (SQ) Stock Forecast and Price Target

About the Company:

The history of Block began with the launch of the payment service Square in 2009. It allowed users to send and receive money transfers using mobile devices. Soon, Square became a real hit among small and medium-sized businesses. In 2013, the company launched the Square Stand cash register system designed to work on the iPad. It enabled companies to accept credit cards and cash, as well as use Square payment processing capabilities. In 2015, Square went public on the NYSE exchange. The company also expanded its business by adding financial management tools to its lineup, such as a mobile app for managing bank accounts and the Square Cash investment service. In 2020, Square acquired its own Bitcoin hardware wallet – Square Crypto. In December 2021, Square changed its name to Block and focused on blockchain technology to help restore its position in electronic payments and financial technology. It is worth noting that blockchain technology is already being used in the Cash App, which Square also owns.