Square: A J.P. Morgan for the 21st Century?

SourceYahoo News
SectorFinancial Markets
CountryMiddle east

Oops!Something went wrong.Please try again later.TipRanksJuly 20, 2021, 3:20 PM·2 min readOops!Something went wrong.Please try again later.

The list of “if only I had invested in xxx back when” is an endless one, and recent examples will probably include Bitcoin in 2011, Amazon a decade beforehand and Apple and Microsoft toward the end of the last century.

Regrets, regrets. However, there are always new opportunities, it is just being able to spot them when they arise that remains key to successful investing.

Using an example from much further in the past, Mizuho Securities’ Dan Dolev thinks there is currently one such opportunity investors should take note of.

“We believe Cash App may be en route to becoming the ultimate neo-bank and the money center bank of the future,” the 5-star analyst said. “This could make buying Square (SQ) analogous to buying J.P.

Morgan in 1871.”

Square provides a variety of financial services, but as with Dolev’s take, almost every bullish SQ thesis involves its star...read more...