Evercore ISI Upgrades Square On Cash App Prospects
Evercore ISI Upgrades Square On Cash App Prospects
Square Inc (NYSE:SQ) Is poised to benefit from the potential for Cash App to sustain “extraordinary growth” through rapid innovation and expansion of its total addressable market, according to Evercore ISI.
Square Inc.紐約證券交易所代碼:平方根據Evercore ISI的説法,Cash App通過快速創新和擴大其總的潛在市場,有望從Cash App保持“非凡增長”的潛力中獲益。
The Square Analyst: Rayna Kumar upgraded Square's stock rating from In Line to Outperform, while raising the price target from $161 to $300.
Square分析師:Rayna Kumar將Square的股票評級從In Line上調至表現優於大盤,同時將Square的目標價從161美元上調至300美元。
The Square Thesis: The company’s Cash App business is likely to generated adjusted revenue growth at a compounded annual rate of 36% for the next three years and significantly beat the current consensus estimates through 2022, Kumar said.
廣場論題:庫馬爾表示,未來三年,該公司的Cash App業務可能會以36%的複合年增長率產生調整後的收入增長,並在2022年之前大幅超過當前的普遍預期。
“Over time, Cash App could become a one stop, disruptive, digital payments bank. With P2P, digital wallet, debit card, stock trading, and Bitcoin purchasing capabilities already in place, and, with its banking license, consumer and SMB lending potential, we believe Cash App’s network will continue to grow aggressively with expanded paths to monetization over time,” the analyst wrote in a note.
“假以時日,Cash App可能會成為一家一站式、顛覆性的數字支付銀行。隨着P2P、數字錢包、借記卡、股票交易和比特幣購買能力的到位,再加上其銀行牌照、消費者和中小企業貸款潛力,我們相信Cash App的網絡將繼續積極增長,隨着時間的推移,貨幣化的途徑將會擴大,“這位分析師在一份報告中寫道。
Driven by Cash App, Square could “grow total adjusted EBITDA by 53% annually, on average, over the next three years,” he added.
他補充説,在Cash App的推動下,Square可能“在未來三年內以年均53%的速度增長調整後的EBITDA總額”。
SQ Price Action: Shares of Square were trading up 2.8% to $207.86 at the time of publication Thursday.
SQ價格操作:截至週四發稿時,Square的股價上漲2.8%,至207.86美元。
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