Square's Case of 'Mistaken Identity'

Square's Case of 'Mistaken Identity'

Square (ticker: SQ) shares are down nearly 25% since the latest miss, but Wall Street remains generally bullish, with analysts predicting sizable gains for the stock. The company's sales and marketing costs are expected to jump 48% this year to $610 million, easily outpacing sales growth. [...]...

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Veröffentlicht in:Barron's 2019-10, Vol.99 (43), p.15-15
1. Verfasser: Walsh, Ben
Format: Artikel
Sprache:eng
Schlagworte:
Bank technology
Corporate profits
Customer services
Dimon, Jamie
Initial public offerings
Investments
Mistaken identity
Mobile commerce
Payment systems
Sales
Securities analysis
Stock prices
Online-Zugang:Volltext
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Zusammenfassung:Square (ticker: SQ) shares are down nearly 25% since the latest miss, but Wall Street remains generally bullish, with analysts predicting sizable gains for the stock. The company's sales and marketing costs are expected to jump 48% this year to $610 million, easily outpacing sales growth. [...]the new plan becomes a price hike for transactions under $65, so not even the fanciest of coffee roasters will benefit.
ISSN:1077-8039