5 Best Tech Stocks to Buy On the Dip

1. Block, Inc. (NYSE:SQ)

Number of Hedge Fund Holders: 70

Share Price Decline in the Past One Month: 13%

Block, Inc. (NYSE:SQ) shares jumped in March after the company posted solid rebuttals to the short report by Hindenburg Research. The short report has apparently failed to affect Block, Inc. (NYSE:SQ). Cathie Wood was quick to buy the dip on SQ when the stock fell sharply after the short report. Cathie Wood reportedly bought over 300,000 shares of Block, Inc. (NYSE:SQ) in late March. Block, Inc. (NYSE:SQ) shares are still down about 5% over the past thirty days through April 11. In late March, DA Davidson analyst Christopher Brendler reaffirmed his Buy rating on Block, Inc. (NYSE:SQ) and called the dip in shares “a compelling short-term buying opportunity.”

One-year average price estimate for Block, Inc. (NYSE:SQ) stock set by analysts is $94, which presents a solid upside potential from the current levels.

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