Jack Dorsey is an amazing CEO. Being a tier just below Jeff Bezos, Elon Musk and Satya Nadella. With his success on growing and operating Twitter and Square so far. Even then I believe square is still undervalued compared to the major banks operating so far.
Square market cap: 60 billion.
JPM: 296 billion
BAC: 301 billion
CITI: 97 billion
Yet square is the most forward thinking fin tech company and is evolving to replace traditional banking by adding on features such as the ability to purchase stocks, btc.trading, transfering funds between peers, and so forth. These features are arguably superior in quality to the current leading bank JPM.
Furthermore their cash app was just released 7 years ago and today has an annual user growth rate of 50% / year.
Their future plans will allow users to eventually taking out loans and square will actually open a bank in 2021. I believe that Jack Dorseys ultimate vision for Square will be to replace traditional banking as we know it.
Square is Cathy Wood’s 3rd highest conviction pick next to TSLA and NVTA.
I think that this stock has tremendous value and will provide a 5-10x investment value even at today’s prices. Possibly more than that.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.