|Bid||245.25 x 800|
|Ask||245.50 x 900|
|Day's Range||242.58 - 253.30|
|52 Week Range||56.86 - 283.19|
|Beta (5Y Monthly)||2.43|
|PE Ratio (TTM)||557.57|
|Earnings Date||May 06, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||269.64|
If it can build a digital wallet and payment network so large that it can compete with big banks and credit card companies, it could disrupt a lot of what we take for granted about finances today. This week, Square announced that it has added automated clearing house (ACH) transfers to its invoices, adding a low-cost way for businesses to request money from their customers. Credit card fees are a huge, but necessary, expense for nearly every business.
Intuit (NASDAQ: INTU) has long served as the standard for accounting and tax software. While Intuit has spent its history successfully fighting off other competitive challenges, a threat from an unexpected source could call the stock's value proposition into question. Intuit has been an integral part of the financial ecosystem for some time.
According to ARK Investment Management, digital wallets could be worth $4.6 trillion by 2025. Digital wallets aren't new and have been growing for years now. Digital wallet providers such as Cash App and Venmo can acquire customers for a fraction of what traditional banks pay.