{"id":4123,"date":"2018-07-25T14:52:46","date_gmt":"2018-07-25T19:52:46","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=4123"},"modified":"2018-07-25T14:52:46","modified_gmt":"2018-07-25T19:52:46","slug":"square-continues-to-perform-has-many-different-ways-to-win","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/business\/square-continues-to-perform-has-many-different-ways-to-win\/","title":{"rendered":"Square Continues to Perform, Has \u201cMany Different Ways to Win\u201d"},"content":{"rendered":"

Ahead of its quarterly earnings report next week, leading payments company Square is popping up a lot in the investment press.<\/strong><\/p>\n

First came the news that a Credit Suisse analyst had upgraded the rating for Square to \u201coutperform\u201d and raised its price target to $81.<\/p>\n

CNBC quoted the analyst<\/a>, Paul Condra, as telling clients, \u201cSquare\u2019s evolution from a payment company to a differentiated consumer and merchant services platform increases our conviction that the company can extend its business well beyond micro-merchants to include SMB and middle-market companies.\u201d<\/p>\n

Analysts appear to believe there is still plenty of room for Square to grow, since it has demonstrated the ability to move beyond its beginnings as the company that enabled electronic payments for small and micromerchants. The CNBC article also quoted UBS\u2019 Erin Browne, head of asset allocation, on the company\u2019s growth potential.<\/p>\n

\u201cThey\u2019ve only really breached 1% of the addressable market right now…There is a big opportunity here especially as they start to pivot in other areas,\u201d Browne said on one of the network\u2019s shows.<\/p>\n

Rick Oglesby, president of AZ Payments Group, doesn\u2019t dispute this notion. \u201cCertainly, Square\u2019s addressable market is very large considering its success in adding new products such as Square Capital and Caviar and up-selling those products to its merchant base, its success in retaining and selling to larger customers, its penetration into consumer markets via Square Cash, and its ability to scale globally,\u201d he told PaymentFacilitator.<\/p>\n

\u201cIt may well be just scratching the surface. It has many different ways to win going forward, and a strong track record of winning in the past,\u201d Oglesby said.<\/p>\n

If there\u2019s any lesson other payment facilitators can take away from Square, that\u2019s it, Oglesby said \u2013 a reason software companies consider taking on payments as PFs: \u201cThe big thing to learn from Square is that a strong business foundation has multiple ways to win,\u201d Oglesby said.<\/p>\n

In addition to the stock performance, the news that Snapcash \u2013 which Snapchat offered users in partnership with Square \u2013 was shutting down<\/a> was also received positively by Square watchers. Seeking Alpha quoted analyst Condra as saying Square is better off<\/a> with one less front-end competitor to its Square Cash product, despite losing the partnership on the back end.<\/p>\n

Oglesby agreed. \u201cSnapCash wouldn\u2019t shut down if it was successful, so that shouldn\u2019t significantly affect Square\u2019s business,\u201d he said.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Ahead of its quarterly earnings report next week, leading payments company Square is popping up a lot in the investment press.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[2,3,6,8],"tags":[70,147,810,828,829,831],"class_list":["post-4123","post","type-post","status-publish","format-standard","hentry","category-business","category-global","category-recent","category-technology","tag-az-payments","tag-caviar","tag-snapcash","tag-square","tag-square-capital","tag-square-cash"],"acf":[],"_links":{"self":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/comments?post=4123"}],"version-history":[{"count":0,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4123\/revisions"}],"wp:attachment":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=4123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=4123"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=4123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}