Block Inc Class A

SQ: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$72.00	Pmgmkv	Mmwcvybc

Block Earnings: Strong Growth for Cash App and Better Profitability

Brett Horn

Aug 3, 2023

Block produced solid second-quarter results that we believe showed that the company is tracking in the right direction. We will maintain our USD 98 (AUD 147) per share fair value estimates for the narrow-moat company. We see shares as undervalued at the moment, but would highlight our Morningstar Uncertainty Rating of Very High.

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