2 Reasons Square Stock Should Rise in 2020
Square (NYSE: SQ) stock is up more than 400% since its 2015 initial public offering (IPO), but the shares cooled off last year, finishing the year up 11.5%. As the year wore on, the company reported results that didn't quite meet investors' lofty expectations. Some investors have wondered whether Square has already captured the low-hanging fruit, and whether the stock is still a good investment.
Square has been a key player in the war on cash by offering small businesses an intuitive platform to accept digital payments at checkout. But with $4.3 billion in annual sales, Square is starting to bump elbows with the big boys like Capital One, JPMorgan Chase, and First Data's Clover point-of-sale solution.
Despite the concerns over competition, Square stock is still richly valued, which means investors are still expecting lots of growth over the long term. Here are a few reasons why Square can maintain its current business momentum this year and be rewarded with a higher stock price.
Source Fool.com
