Block Stock's At Support Level - Bullish Setup?

Core Viewpoint - Block stock (NYSE: XYZ) is down 16% this month due to disappointing Q3 results, but it presents a potential investment opportunity due to its strong historical support level [2]. Support Level Analysis - XYZ is currently trading within a key support range of $58.90 to $65.10, having tested this range 12 times over the last decade, leading to an average peak return of 75.5% after each rebound [3]. Rebound Potential - The likelihood of a rebound is enhanced by Block's Investor Day forecast, which projects mid-teens growth in gross profit and 30% adjusted operating income/EPS growth through 2028, alongside a $5 billion share repurchase plan [4]. - Q3 EPS exceeded expectations, and analysts highlight significant undervaluation with considerable upside targets, driven by growth catalysts such as Cash App's lending and Square's recovering momentum [4]. Financial Performance - XYZ's revenue growth stands at 0.5% for the last twelve months (LTM) and an average of 12.6% over the past three years [10]. - The company has a free cash flow margin of nearly 7.6% and an operating margin of 9.6% LTM [10]. - The stock is currently trading at a PE multiple of 12.1 [10].