#8 - Square, Inc. (NYSE:SQ)
Square, Inc. (NYSE: SQ) There is no question that Square is well positioned for continued earnings growth. The question for the bay area tech company is whether there is room for that growth to carry over to their share price. For many analysts, the answer seems to be no. Square is the first to market with technology that allows smartphone users to accept credit card payments. That’s a game changer in a society that is moving away from cash. However, the stock has gotten a little frothy as investors bid the stock up to a record high of $101.15 in September. It trades at a P/E ratio of around 165. And that is after its stock got caught up in the October sell off to the tune of a 27% decline in share price. That still leaves it nearly double the share price of $36.17 at the beginning of 2018. Even with the company forecast for significant earnings growth, the market seems to be taking a wait-and-see approach on Square before moving this stock significantly higher.
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
- $89.65
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 26 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $96.33 (7.5% Upside)
With the mid-term election over and earnings season in full swing, many companies are facing a reckoning of sorts. That's because investors are now back to looking at the fundamentals, and for the stocks listed in this report, there are some fundamental issues that could impact their short-term growth.
For gamblers at the casino, the message is that over time the house is going to win. The same is true for investing. If you’re an investor who currently owns some of these stocks it may be difficult to sell, and if you don’t own them you may be tempted to buy. However, all of these stocks are being punished by institutional investors at the moment and that should be a caution for retail investors as we move into 2019. If you’re looking to stay on top of the latest movement on these stocks and others, you should consider investing in the MarketBeat All Access tool which gives you real-time analyst ratings, earnings, dividends, and a host of other investment research tools.
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