$Block (SQ.US)$ The digital payment provider Square appears ...

$Block (SQ.US)$ The digital payment provider Square appears to be firmly in the camp of overvalued tech stock. At least, according to Morningstar analysts, SQ is trading at more than double its “fair value estimate” (US ~$230 vs. $112) with a Price-To-Earnings value of ~240. SQ shares have not traded at US $112.00 or below since July 13, 2020.While SQ does deliver on growth, it still has a very long way to go to justify its ~240x multiple. Square’s dubious long-term outlook is compounded by the increasingly tense competition from $PayPal (PYPL.US)$ and $Fiserv (FISV.US)$ Clover application. While younger than Square’s payment solution, the latter is already processing more payments across the US, and importantly, growing at a faster pace.