Square, Inc. (SQ)’s Stock Is Buy After Today’s Significant Increase

March 14, 2018 - By Linda Rogers

The stock of Square, Inc. (NYSE:SQ) is a huge mover today! The stock increased 5.36% or $2.78 during the last trading session, reaching $54.61. About 21.86 million shares traded or 44.94% up from the average. Square, Inc. (NYSE:SQ) has risen 107.40% since March 14, 2017 and is uptrending. It has outperformed by 90.70% the S&P500.
The move comes after 7 months positive chart setup for the $21.65B company. It was reported on Mar, 14 by Barchart.com. We have $57.89 PT which if reached, will make NYSE:SQ worth $1.30 billion more.

Analysts await Square, Inc. (NYSE:SQ) to report earnings on May, 2. They expect $-0.04 EPS, down 33.33 % or $0.01 from last year’s $-0.03 per share. After $-0.03 actual EPS reported by Square, Inc. for the previous quarter, Wall Street now forecasts 33.33 % negative EPS growth.

Square, Inc. (NYSE:SQ) Ratings Coverage

Among 39 analysts covering Square Inc (NYSE:SQ), 21 have Buy rating, 1 Sell and 17 Hold. Therefore 54% are positive. Square Inc had 114 analyst reports since November 20, 2015 according to SRatingsIntel. On Thursday, November 9 the stock rating was downgraded by Citigroup to “Hold”. The firm earned “Hold” rating on Wednesday, September 6 by Keefe Bruyette & Woods. The firm earned “Hold” rating on Tuesday, November 21 by Canaccord Genuity. Needham initiated it with “Buy” rating and $17 target in Friday, December 16 report. The company was maintained on Monday, November 13 by Jefferies. As per Friday, February 17, the company rating was initiated by Citigroup. The stock of Square, Inc. (NYSE:SQ) earned “Buy” rating by Oppenheimer on Wednesday, October 11. The stock of Square, Inc. (NYSE:SQ) earned “Market Perform” rating by William Blair on Thursday, January 21. Bank of America maintained it with “Neutral” rating and $31 target in Monday, October 9 report. The stock of Square, Inc. (NYSE:SQ) earned “Buy” rating by Deutsche Bank on Friday, December 2.

More notable recent Square, Inc. (NYSE:SQ) news were published by: Investorplace.com which released: “You Still Have a Chance to Buy Square Inc Stock” on March 13, 2018, also Investorplace.com with their article: “This Is a Reality Check for Square Inc Stock” published on March 06, 2018, Investorplace.com published: “3 Reasons Not to Even Consider Buying Square Inc Stock for Now” on March 08, 2018. More interesting news about Square, Inc. (NYSE:SQ) were released by: Seekingalpha.com and their article: “Square Assembles An Army Of Services” published on March 12, 2018 as well as Bloomberg.com‘s news article titled: “Square Tops Sales Estimates on Gain From Broader Services” with publication date: February 27, 2018.

Square, Inc. develops and provides payment processing, point-of-sale , financial, and marketing services worldwide. The company has market cap of $21.65 billion. It provides Square Point of Sale, a POS application software that offers managed payments solutions and advanced software products, including Square Dashboard, a cloud reporting and analytics tool that provides sellers with real-time data and insights about sales, items, customers, and employees; Square Payroll, which empowers sellers to hire, onboard, and pay employees and the associated taxes; and customer engagement tools that help sellers to enhance their business through digital customer feedback, marketing, and loyalty programs. It currently has negative earnings. The firm also offers in-person/card present payments solutions, such as magstripe readers, contactless and chip readers, and chip card readers; and Square Stand that transforms an iPad into a POS terminal.

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