TOday’s Movers: Square (SQ) Stock Rating Kept at KeyBanc; $70 Target Price Indicates 7.13 % Potential

June 19, 2018 - By Henry Gaston

Square, Inc. (NYSE:SQ) Logo

Square (SQ) Rating Reaffirmed

EU: In a report shared with investors and clients on 19 June, KeyBanc restate their “Overweight” rating on Square (SQ) shares. They now have a $70 target on the firm. KeyBanc’s target would indicate a potential upside of 7.13 % from the company’s close price.

Square, Inc. (NYSE:SQ) Ratings Coverage

Among 24 analysts covering Square Inc (SQ), 14 have Buy rating, 2 Sell and 8 Hold. Therefore 58% are positive. Square Inc has $69 highest and $3000 lowest target. $53.36’s average target is -18.33% below currents $65.34 stock price. Square Inc had 41 analyst reports since January 4, 2018 according to SRatingsIntel. As per Wednesday, February 28, the company rating was maintained by Canaccord Genuity. As per Thursday, January 4, the company rating was initiated by Buckingham Research. Buckingham Research downgraded the stock to “Neutral” rating in Wednesday, June 13 report. The stock of Square, Inc. (NYSE:SQ) has “Overweight” rating given on Wednesday, February 28 by Barclays Capital. The firm has “Buy” rating by Guggenheim given on Wednesday, February 28. The company was maintained on Friday, February 23 by RBC Capital Markets. The stock of Square, Inc. (NYSE:SQ) has “Hold” rating given on Thursday, January 18 by Piper Jaffray. As per Friday, March 23, the company rating was maintained by Mizuho. BTIG Research downgraded Square, Inc. (NYSE:SQ) on Thursday, January 4 to “Sell” rating. The stock of Square, Inc. (NYSE:SQ) earned “Hold” rating by Stifel Nicolaus on Wednesday, February 28.

The stock decreased 1.30% or $0.86 during the last trading session, reaching $65.34. About 5.35M shares traded. Square, Inc. (SQ) has risen 149.75% since June 19, 2017 and is uptrending. It has outperformed by 137.18% the S&P500.

Square, Inc. develops and provides payment processing, point-of-sale , financial, and marketing services worldwide. The company has market cap of $26.18 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.

More notable recent Square, Inc. (NYSE:SQ) news were published by: which released: “Jack Dorsey’s tweets put Chick-fil-A’s anti-gay politics back in the public eye” on June 14, 2018, also with their article: “Will SurveyMonkey Be the Next Big Confidential IPO?” published on June 19, 2018, published: “Square gets New York state cryptocurrency license” on June 18, 2018. More interesting news about Square, Inc. (NYSE:SQ) were released by: and their article: “How Big of a Threat Is Zelle to Square’s Cash App and Venmo?” published on June 15, 2018 as well as‘s news article titled: “It’s Hip To Be Square” with publication date: June 14, 2018.

Square, Inc. (NYSE:SQ) Ratings Chart

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