|Bid||87.75 x 1000|
|Ask||87.78 x 1400|
|Day's range||87.06 - 89.38|
|52-week range||27.21 - 92.92|
|PE ratio (TTM)||N/A|
|Earnings date||6 Nov 2018 - 12 Nov 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||70.41|
The stock is currently trading at $86.86, which is 219% above its 52-week low of $27.21 and 6.5% below its 52-week high of $92.92. Square stock has risen an astonishing 150% this year, declining just ~2% in September. Analysts are optimistic about Square’s robust revenue growth and visionary CEO Jack Dorsey’s ability to take the stock to all-time highs.
GrubHub (GRUB) has recently closed on a deal to acquire mobile ordering and payment platform LevelUp. The transaction was valued at $390 million, and GrubHub paid for it using cash on hand supplemented by cash available under an existing credit facility. GrubHub’s cash holdings at the end of the second quarter stood at $442.7 million.
PayPal Holdings (PYPL) has recently been upgraded by an analyst at KeyBanc Capital Markets for the company’s new Venmo debit card. On September 11, KeyBanc analyst John Beck raised the price target on PayPal stock to $105 from $100. PayPal’s Venmo is one of the most widely used mobile apps for P2P payments in the United States.
LendingClub (LC) is a leader in the P2P (peer-to-peer) lending market, meaning that it’s well-positioned to capitalize on the strong demand for P2P loans. The global P2P lending market is expanding at a rate of 48.2% annually and is on track to hit $897.9 billion by 2024, according to Transparency Market Research. LendingClub operates an online platform that brings borrowers and lenders together.
PayPal (PYPL) is rolling out a new feature called FundsNow, which allows businesses instant access to funds from sales. FundsNow has been tested by more than 1 million sellers, and it’s now rolling out broadly, first in the United States, the United Kingdom, and Australia. Before FundsNow, sellers who used PayPal to accept payments could wait for up to 21 days to access funds from completed sales.
PayPal’s (PYPL) FundsNow program allows businesses to access their sales funds instantly instead of waiting for days or weeks, as has been typical over the years. Instant access to funds could allow borrowers to settle their PayPal loans faster. PayPal could end up facilitating more loans in a year than it did before it launched the FundsNow program.
Shopify (SHOP) has redesigned its app store to make it easier for merchants to discover and install apps they can use to make more sales and generate more profits. Shopify decided on the need for the app store redesign after it noted that 85% of its merchants rely on apps to run their online stores. Running an online marketplace such as Shopify is big business.
The iPhone maker topped the $1 trillion mark -- no shock. Google appears set to cave to China on censorship; we (and Baidu) did not see that coming.
PayPal (PYPL) believes it can work with Amazon (AMZN) to process payments for Amazon shoppers and sellers. PayPal’s CEO Dan Schulman at one point suggested that the company’s 250 million customers make it a valuable partner for any serious retailer.
Square's ascent has come thanks to a combination of an expansion into multiple financial services and a pivot into cryptocurrency.
Square’s (SQ) expanding list of products and services could see the company capture a higher share of merchants’ operating expenditures. This trend could allow the company to grow its revenues faster than Wall Street currently expects, according to investment and advisory firm Guggenheim Partners.
Square (SQ) has released an improved model of its basic card reader device, a move that is expected to enable more small businesses to accept card-based payments.
Apple (AAPL) has never revealed to the public how many people have adopted its Apple Pay service. However, investment company Loup Ventures estimates that Apple Pay has attracted more than 250 million users globally, with international markets proving to be particularly fertile grounds for Apple Pay. Loup Ventures says 85% of Apple Pay users are outside the United States.
Apple (AAPL) has entered September, the final month of the third quarter, with strength courtesy of its mobile payment service, Apple Pay. In its first-ever rating of mobile peer-to-peer payment services, Consumer Reports ranked Apple Pay ahead of its competition in a report published last month.