Forget Square, Inc.: These 4 Stocks Doubled Last Year

Forget Square, Inc.: These 4 Stocks Doubled Last Year

Shares of Square, Inc. (NYSE: SQ) have been on fire, having gained a mind-blowing 170% over the last 12 months. The combination of payments processing and additional services has been a huge draw for small- and medium-sized businesses, pushing revenue up 22% year over year in the most recent quarter.  

Still, the payments industry is fiercely competitive, and other more established players may try to steal Square's thunder. The company's focus on smaller entities and add-on services has already attracted the attention of competitors, and it wouldn't be difficult to copy Square's ease of use and provide similar services, which could bring the company's share price back to earth.

These companies have been minting money for investors over the last year. Image source: Getty Images.

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Source: Fool.com