For most of 2016, Square’s adjusted revenue growth rates were consistently decelerating quarter-over-quarter. As they did, Square stock went nowhere. Then, in the first quarter of 2017, Square’s adjusted revenue growth rate bottomed at 39%. Over the next six quarters, Square’s adjusted revenue growth consistently accelerated quarter-over-quarter, topping out at 68% in the third quarter of 2018. Over that stretch of adjusted revenue growth acceleration, Square stock went from $10 to $100.
Then, adjusted revenue growth rates started decelerating again. From the third quarter of 2018 to the third quarter of 2019, Square’s adjusted revenue growth rate steadily dropped from 68% to 40%. As it has, Square stock has dropped from $100 to $60.
Now, heading into 2020, it looks like Square’s adjusted revenue growth rates are set to stabilize and potentially even move higher, thanks to broader economic tailwinds, easing competitive headwinds, and new product growth. As those growth rates do stabilize, Square stock will head higher.
Read more here: https://investorplace.com/2020/01/heres-why-square-stock-could-soar-to-80-in-2020/