Block’s Review Heading Into 2023
<p>Deutsche Bank analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/SQ'>Block, Inc. (NYSE:SQ)</a> heading into the new year. Even as market volatility and concerns surrounding macro headwinds have weighed on the company’s shares, analysts remain positive on the fundamental trajectory heading into fiscal 2023. </p>
<p>In particular, the analysts believe the company will continue pulling levers to drive margin expansion as it increases focus on reining in OPEX while still investing for long-term growth. </p>
<p>Furthermore, the analysts remain highly constructive on Cash App and believe the segment has the potential to beat consensus estimates as new products and services continue to drive monetization rates higher. </p>
<p>With economic resilient factors like increasing direct deposit penetration and debit card usage likely to hold up well in a downturn, the analysts expect the potential for Cash App 2023 gross profit to grow 25-30% year-over-year.</p>

NYSE:SQ