5 Best Long-Term Stocks to Buy Now

1. Block, Inc. (NYSE:SQ)

Number of Hedge Fund Holders: 84

Share price as of August 8: $87.73

Block, Inc. (NYSE:SQ) is an information technology company that creates tools enabling sellers to accept card payments and provides reporting and analytics alongside next-day settlement. The company is based in San Francisco, California.

In August, an Overweight rating was placed on shares of Block, Inc. (NYSE:SQ) by Ramsey El-Assal at Barclays. The analyst also placed a $130 price target on the stock.

Block, Inc. (NYSE:SQ) had an EPS of $0.2, beating estimates by $0.02, in the second quarter of 2022. The company’s revenue was $4.4 billion, also beating estimates by $69.5 million. As of this August, its three-year sales growth CAGR was 65%, and the stock has been rising this August after its after-hours dip due to positive investor sentiment based on the stock’s projected upside. These factors demonstrate Block, Inc.’s (NYSE:SQ) ability to remain a reliable investment in the long-term

Block, Inc. (NYSE:SQ) had 84 hedge funds long its stock in the first quarter of 2022. Their total stake value was $6.2 billion.

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