It's been a month and a half now since Square (SQ) shocked the "buy now, pay later" (BNPL) market with its announcement that it would acquire Australian BNPL player Afterpay in a $29 billion deal. The deal hasn't closed yet -- and won't before perhaps Q1 2022. Nevertheless, in anticipation that the merger will clear regulatory hurdles and close as expected, Evercore ISI analyst David Togut took a closer look at the likely scenario that will emerge once Square gains control of Afterpay a few months from now. Hint: Togut thinks it will be good news for Square, and is doubling down on his Outperform (i.e.
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Square (NYSE:SQ)
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Square (NYSE:SQ)
Historical Stock Chart
From Oct 2020 to Oct 2021 Click Here for more Square Charts.