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Why Square's Stock Is a Bargain Today

DATE POSTED:November 16, 2019

Square (NYSE: SQ) has been one of the hottest growth stocks over the past few years due to its strong position in the burgeoning fintech industry and its soaring revenue. However, the company's shares peaked in September 2018, and it has been a roller-coaster ride ever since. Back in July, Square's stock took a nosedive after the tech giant released its second-quarter earnings report. Evidently, investors weren't happy with the company's weaker-than-expected guidance. After the stock's decline, Square's shares are trading at 63 times future earnings , which isn't that expensive when compared to other growth stocks.

Here's why Square is a good buy at current levels.

image source: getty images

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