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Fly News Breaks for April 9, 2019
SQ
Apr 9, 2019 | 07:10 EDT
KeyBanc analyst Josh Beck believes the Square Card for sellers has a "strong" product-market-fit due to the horizontal applicability of financial services and the unmet need among sellers where about 40% do not have a business card. With a clear distribution path across the existing base via the highly engaged software dashboard and other channels, the analyst believes the card could rapidly ramp to a $100M high-margin product. Beck reiterates an Overweight rating and $100 price target on Square's shares.
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