Buy the Dip In Square Stock

Shares of digital payments company Square $Block(SQ.US)$ (NYSE:SQ) have dipped 3% after the company reported humdrum quarterly results, presenting investors with a great buying opportunity for SQ stock.

SQ stock fell to $240 a share after it reported third quarter results, that underwhelmed Wall Street.

Following the latest dip, Square’s stock is up a modest 4% over the past six months and has underperformed the S&P 500 index, which is up 13% during the same period.

And, at its current price, the financial technology company run by Jack Dorsey (who also created Twitter $Twitter (Delisted)(TWTR.US)$ (NYSE:TWTR), appears to be seriously undervalued. Among 30 professional analysts who cover Square, the median price target on the stock is $307.50, which represents a 28% gain from where it currently sits.