share_log

This 'Buy Now Pay Later' Stock Gets Downgraded Again Within A Week

This 'Buy Now Pay Later' Stock Gets Downgraded Again Within A Week

這種“先買後付”的股票在一週內再次被降級
Benzinga Real-time News ·  2022/09/22 15:31
  • Mizuho analyst Dan Dolev downgraded Block, Inc (NYSE:SQ) to Neutral from Buy with a price target of $57, down from $125.
  • After years of being deemed the most innovative name in payments, "user fatigue, plateauing inflows, loss of the best-of-breed" point of sale status, and buy now pay later "misexecution" are blocking Block's growth, Dolev noted.
  • Block "still has enormous potential, but it is not being realized."
  • Also Read: Payment Firms Square, PayPal Get Widely Different Views In Eyes Of Wall Street Amid BNPL Woes, Juicy Margins
  • Instead, BNPL estimates continue to come down & projects like Bitcoin, which accounts for <5% of gross profit, seem to preoccupy management's attention disproportionately.
  • He believes Block shares no longer deserve a premium valuation relative to the U.S. payments sector.
  • Recently Dolev recommended buying shares of Affirm Holdings, Inc (NASDAQ:AFRM) on weakness following plans of a government crackdown on the BNPL sector.
  • Dolev considered the Consumer Financial Protection Bureau's buy now pay later report as "less harmful than feared."
  • The "lack of a clear call for action is a positive," he noted.
  • Price Action: SQ shares traded lower by 5.97% at $55.90 on the last check Thursday.
  • 瑞穗分析師丹·多列夫下調評級Block，Inc.(紐約證券交易所股票代碼：SQ)從Buy下調至中性，目標價從125美元下調至57美元。
  • 多列夫指出，在多年來被認為是支付領域最具創新性的名稱之後，“用户疲勞、資金流入停滯不前、失去了同類中最好的”銷售點地位，以及Buy Now Pay Late的“執行失誤”，正在阻礙Block的增長。
  • “區塊”仍有巨大的潛力，但還沒有實現。
  • 另請閲讀： 支付公司Square，PayPal在BNPL困境中獲得華爾街截然不同的看法，利潤豐厚
  • 相反，BNPL的估值繼續下降，像比特幣這樣的項目，它佔了
  • 他認為，相對於美國支付行業，區塊股票不再值得溢價估值。
  • 最近，多列夫建議購買確認控股公司(納斯達克：AFRM)在政府計劃打擊BNPL部門後表現疲軟。
  • 多列夫認為消費者金融保護局的Buy Now Pay Late報告“沒有人們擔心的那麼有害”。
  • 他指出，“缺乏明確的行動呼籲是積極的。”
  • 價格行動：在週四的最後一次檢查中，SQ股價下跌5.97%，至55.90美元。
声明：本內容僅用作提供資訊及教育之目的，不構成對任何特定投資或投資策略的推薦或認可。 更多信息
    搶先評論