JohnnyYoung
2021-11-25

fintech under pressure as cash app sees soft landing.$(SQ)$ business continued to perform in line with expectations, growing revenue by 43% & gross profit by 48%. slowdown in cash app business is transitory, impinged by the winding down of government incentives. shares valuation is attractive, both on historical ev/rev ntm multiple & when compared to peers. seller gpv remains strong driven primarily by mid-market merchants

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