Where Will Square's Stock Be in 5 Years?
Digital payments company Square (NYSE: SQ) went public at $9 per share in late 2015. It faced plenty of pessimism prior to its debut, due to a chilly IPO market, its lack of profits, and Jack Dorsey's dual CEO roles at Square and Twitter (NYSE: TWTR).
Yet Square's stock is now worth over $80 per share. It's still pricey at nearly 90 times forward earnings, but Square's robust revenue growth, its expanding ecosystem, and its improving non-GAAP earnings gradually attracted more bulls than bears.
Square's stock remains volatile, with a trading range of roughly $30 over the past 52 weeks, so it isn't for queasy investors. But looking five years into the future, Square's growth could stabilize as its addressable market, ecosystem, and margins expand.
Source Fool.com
