Using this metric, it’s pricier than Block (NYSE:SQ), which trades for 3.9 times 2022 sales, but on par with PayPal (NASDAQ:PYPL), which trades for 7 times next year’s sales. The rebound was due in part to strong quarterly results, as well as a shrugging off of inflation/interest rate worries, leading investors to re-embrace their past “growth at any price” mantra. Then, there was the post-Thanksgiving volatility in the broader market caused by worries about the omicron coronavirus variant and the specter of more hawkish Federal Reserve monetary policy.