#3 - Square (NYSE:SQ)
Square (NYSE: SQ) and PayPal are sometimes viewed as two sides of a coin. That’s not entirely accurate. And it probably undersells Square’s capabilities. Square is known for its cutting-edge payment and point-of-sale solutions that allow merchants to use their mobile devices to collect digital payments via a credit or debit card.
However, like PayPal, Square gives its customers so much more than just a way to process payments. It does offer the ability for peer-to-peer lending through its CashApp. And it is getting ready to launch Square Banking which will allow it to offer its customers checking accounts, savings accounts, debit cards, and loans. By keeping their customer’s money within the Square ecosystem, they will have little need for a traditional bank.
SQ stock is up nearly 100% in the last 12 months. And while the stock price is currently at the upper end of analysts’ estimates, the stock still carries an Overweight rating from the analysts that cover the stock.
About Block
Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.
Read More - Current Price
- $73.56
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 27 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $87.55 (19.0% Upside)
