Square : Momentum is impressive and Afterpay opens up a new outlook – Recommendation raised to Outperform
>Impressive momentum of the ecosystem, while Afterpay may allow Square to move up a gear – Outperform recommendation (vs Neutral) - Square reported yesterday evening Q2 2021 results well above expectations. The group also announced the acquisition of Afterpay, a world leader in ‘Buy Now Pay Later’ loans, for $ 29bn (100% in shares). We draw very positive conclusions from these two events. As a reminder, prior to this release we valued Square at 63x 2023e EBITDA and m...Square is a commerce ecosystem that combines software with hardware to enable sellers to turn mobile devices and computing devices into payment and point-of-sale solutions. With the company's offering, a seller can accept payments via magnetic stripe, Europay, MasterCard, and Visa, or Near Field Communication; or online via Square Invoices, Square Virtual Terminal, or the seller's website or app. Also, sellers can gain access to reporting and analytics, next-day settlements, digital receipts, payment dispute and chargeback management, security, and Payment Card Industry compliance. The company's Cash App enable individuals to send and receive money electronically to and from individuals and businesses.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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