Is PayPal Better than Square in the Payment Service Market?
On June 25, Square (SQ) stock was downgraded by a Stephens analyst to “equal weight” from “overweight.” According to analyst Brett Huff, the stock is at an appropriate level following a significant upside trend over the past two years. Since separating from eBay (EBAY) in 2015, PayPal has been making efforts to offer a range of digital financial services through partnerships and acquisitions. Recently, the company announced its acquisition of Simility, a fraud prevention specialist.