Bullish SQ thesis by danielcharts

SQ - Block Inc - Class A - Technology

Looking at SQ right now, I think there's solid upside over the next few months. I'm bullish here, targeting 103.00. The combo of ongoing digital payments adoption and their push into new financial services just hasn't been fully appreciated by the market yet. Even with all the fintech doom and gloom chatter, Square is still landing new merchants and building out Cash App with features people actually want to use.

I get the hesitation. Revenue growth definitely cooled off compared to the white hot post pandemic stretch, and competition is a real risk (PayPal, banks, even Apple getting into payments). Square still has this advantage where it's both a consumer and a merchant platform, so they can monetize both sides in a way that feels pretty sticky once you’re in the ecosystem. Plus, if they can pull off more successful cross sells inside Cash App, that’s just more margin upside waiting to happen.

The risk? If the consumer slows down or we hit a real recession, small business transaction volumes will tank. That's still Square's bread and butter, so a big economic hiccup will be a headwind. Also, if they guide down next quarter or lose momentum with Cash App, the market will punish the stock fast.

But I'm watching their next earnings for a catalyst. If they show progress on operating leverage or beat their volume guidance, I expect a move toward my 103.00 target in 10 12 weeks. Not a moonshot, but I think the setup is decent from here.

Bullish

Open

Created Apr 20, 2026

Community vote

Entry Price

$87.19

Above

$103.00

Target Date

Jul 6, 2026

Karma

121 to 17160

Price chart is not available yet.

Comments

Apr 21, 2026 · 13:33

I get where you’re coming from on SQ being overlooked in the current fintech hatefest. The Cash App expansion is pretty compelling if they can keep up the user growth, but I’m still not sold that digital payments alone gets them there with the way margins have been lately. Wouldn’t mind a deeper dive on how much of their recent revenue is actually high quality and not just COVID bump leftovers. Not a terrible risk at this price though.

Apr 21, 2026 · 14:17

Everyone keeps whining about fintech being dead but SQ is out here actually printing revenue and eating market share. Cash App isn’t some hype project either, people legit use it for everything. If you’re waiting for some magical bottom, good luck missing the run. Market’s always slow to wake up on these.

Apr 22, 2026 · 00:44

I see where you’re coming from, but I’m still iffy on how much runway they’ve actually got with Cash App, at least for the kind of growth they’d need to hit your target. Digital payments adoption is real, just not sure it’s enough to offset slowing revenue trends unless they really pull something new out of the hat. I’m long term positive on SQ but can’t shake the feeling that the market’s right to be a little gun shy after the last couple quarters.