Credit ExpansionAnalysts are optimistic about Cash App's ability to drive credit expansion, particularly with its effectiveness at underwriting to low-income and thin-file customers.
Product InnovationRecent product and partnership updates highlight Square's faster pace of innovation, which is expected to enhance its brand among mid-market sellers and support improving US GPV trends.
ValuationThe recommendation to remain overweight is supported by an attractive valuation, a positive view of Square Seller, and an improving perspective on Cash App's credit journey.