• KBW analysts now rank Block stocks based on market performance.
• Steven Kwok still feels that the 'SQ' stock has risen to $75 per share.
• Commodity stocks have fallen by over 25% so far this year.

After KBW analysts downgraded the data encryption company citing multiple 'minor risks', the stock price of Block Inc (NYSE: SQ) fell this morning.

Commodity stocks still exist and are likely to soar to $75

Steven Kwok has now selected this headquarters company based in San Francisco, USA, as the 'market performance'. However, he lowered his stock price forecast by $75, which still indicates that its previous closing price increased by about 10%.

This analyst found that the influence of Block stock has significantly decreased due to various risks and negative effects. Its investigation report states:

This type of large-scale project is increasingly competitive around the internal structure of recycling, and has the potential for the development of control and verification in the field of cash application.

In February, Block Inc released its fourth quarter financial report with a lower than expected profit.

Hindenburg has a short position in Block Inc

Kwok cannot believe that the company can be trusted to generate income from timely savings fees or unregulated transactions. She pointed out in the survey report that fierce market competition may also affect the rapid growth of recovery rate and trading volume, as well as operational capacity.

The advantages of its merchant business process are rooted in its store products. Nowadays, more and more products are sold on the internet, and it may shift sales to the market and Shopify and e-commerce based service platforms.

Last month, the short seller Hindenburg Research turned the trigger to this digital currency company, claiming that its cash application software had many counterfeit/repetitive accounts, many of which had participated in criminal activities.

So far this year, the Block stock has fallen by over 25% in writing.