Where Will Square Be in 5 Years?
Square (NYSE: SQ) has been a phenomenal growth stock, with the financial services company's share price skyrocketing 375% over the past five years. But investors were unhappy with Square's second-quarter results this year, mainly because the company's management set revenue and earnings forecasts for the third quarter that were lower than Wall Street's expectations.
But long-term investors should remember that selling a stock based on a company not setting forecasts as high as what analysts want isn't a great way to make investment decisions. And some temporary investor skepticism certainly doesn't mean the company is finished growing.
If you're wondering whether Square still has the potential to continue growing sales and earnings over the next five years, here are a few reasons to be optimistic.
Source Fool.com
