If you’re looking for an opportunity to grow your money while simultaneously doing your everyday shopping, Invest in Square stock. This fintech stock has already surpassed Twitter in terms of growth since it went public in 2015. What’s more, you’ll get to see the CEO of Square step down as CEO of Twitter to focus on Square full time. With this news, Square’s stock could continue to grow in the future. Also, the company is focusing more on mobile payment solutions, and this could result in even more growth.
After its acquisition of Afterpay, Square stock rose to a 25% YTD lead. However, the stock lost momentum during the growth-to-value rotation. It didn’t regain that momentum until June, when it got a nice boost from Afterpay. However, it’s still down 10% YTD. Regardless of the dip in the stock, SQ’s growth continues to be largely driven by its core revenue segments.
The consensus price target for Square is $292, which implies a 50% upside. The consensus target hasn’t changed significantly over the past couple of weeks. Whether or not to invest in Square stock depends on how you calculate its future revenue growth. As of now, Square is trading for $195. To make money from Square stock, you need to be willing to pay at least 38 times its 2026 net profits, which would put the stock’s price near $182 in a few years.
If you’re interested in investing in Square stock, you can choose a broker from the list of available brokers. Each broker has different offerings, but they are all worth considering. In addition to comparing the current price to other popular stocks, Square shares have the potential to rally in the future as sentiment improves. Then again, the price may not be that attractive at the moment, but it might jump once sentiment improves. If you’re willing to wait a few weeks or months, you might even be able to make a good investment.
Another way to manage your risk is to set a stop loss. The stop loss will automatically liquidate a position if the price falls below a predetermined limit. This way, you don’t lose too much money and protect yourself from a catastrophic loss. You should also sign up for a trading platform with a trading interface to access the market and analyze the prices. You should be able to easily find stocks of interest in Square and buy them without much hassle.
It is possible to make a fortune by investing in long-term performers. But many investors aren’t convinced that this is a smart investment. Investing in stocks requires caution, and being reckless won’t bring you the profits you’re looking for. But, experts believe that the stock will increase in value by $197 per share within the next twelve months. So, if you’re looking to make some money while investing in the stock market, you should definitely consider this stock.