CASH APP: https://cash.me/app/KKLLPCW Square's stock jumps to all-time high after Cash app downloads surpass PayPal's Venmo Cumulative downloads for the Cash app now total 33.5 million, exceeding Venmo's 32.9 million for the first time ever, analyst Dan Dolev told clients Tuesday. "If the Cash App continues to grow rapidly, the business could reach or even exceed $100 million in sales by 2020, even without deeper active user penetration," Dolev wrote. The analyst raised his revenue estimates for the company and adjusted his 12-month target higher to $86, implying 18.8 percent upside over the next year. Square Cash app Source: Square Square Cash app Cumulative downloads of Square's Cash app have surpassed those of Paypal's Venmo for the first time after a monster July, according to data from Sensor Tower and Nomura Instinet. The Cash app's cumulative downloads now total 33.5 million, exceeding Venmo's 32.9 million for the first time ever, after Square's service grew three times faster than its competitor from PayPal in July, the data showed. The No. 1 position should boost Square's shares, Nomura Instinet analyst Dan Dolev told clients Tuesday, with the popular application set to contribute as much as $30 million to $40 million (or 2 to 3 percent) of adjusted net revenues in 2018, he estimates. Square's stock rose 3 percent shortly after the opening bell, pushing shares to an record intraday high. The price is up about 726 percent since the company's initial public offering on Nov. 19, 2015. "If the Cash App continues to grow rapidly, the business could reach or even exceed $100 million in sales by 2020, even without deeper active user penetration," Dolev said in a note to clients Tuesday. "With impressive user growth and ongoing decoupling from Bitcoin, we believe Square's monetization efforts are increasingly bearing fruit." The analyst raised his revenue estimates for the payments company and adjusted his 12-month target higher to $86, implying 18.8 percent upside over the next year; Dolev has a buy rating on shares of Square. Venmo and Square Cash provider users with access to their financial systems, allowing customers to electronically send, store and spend money between peers. Square's chief financial officer, Sarah Friar, told investors during the company's latest earnings call that she was happy to report that the Cash app is consistently a top-30 app in the App Store.
Funny Clip: Little girl's bike - YouTube |
| 3 Likes | 3 Dislikes |
| 56 views views | 2,960 followers |
| Comedy | Upload TimePublished on 23 Sep 2018 |
hustlers movie,hustle and flow,hustlers cast,hustler mowers,hustle and soul,hustle meaning,hustle definition,hustle quotes,hustle trailer,hustle castle,hustlers movie rating,hustler casino,hustler raptor,hustler zero turn,hustle butter,hustle and flow cast,hustle cast,hustlers movie cast,hustler raptor sd,hustler mower parts
Không có nhận xét nào:
Đăng nhận xét