KeyBanc Maintained Square (SQ) As a “Overweight”; They Now Have a Target Price Of $70

June 19, 2018 - By Ash

Square, Inc. (NYSE:SQ) Logo

Square (SQ) Rating Reaffirmed

KeyBanc now has a $70 PT on the $26.18B market cap company or 7.13 % upside potential. In a research report revealed to investors on Tuesday morning, Square (SQ) shares have had their “Overweight” Rating reiterated by stock research analysts at KeyBanc.

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. The rating was maintained by Raymond James on Friday, June 15 with “Market Perform”. Cantor Fitzgerald maintained Square, Inc. (NYSE:SQ) on Wednesday, February 28 with “Overweight” rating. The stock has “Sell” rating by BTIG Research on Wednesday, May 2. Canaccord Genuity maintained the stock with “Hold” rating in Wednesday, February 28 report. The stock of Square, Inc. (NYSE:SQ) earned “Overweight” rating by Barclays Capital on Wednesday, February 28. The stock of Square, Inc. (NYSE:SQ) earned “Buy” rating by Mizuho on Monday, February 26. The stock of Square, Inc. (NYSE:SQ) earned “Overweight” rating by Cantor Fitzgerald on Monday, June 4. The stock of Square, Inc. (NYSE:SQ) has “Buy” rating given on Wednesday, April 25 by Tigress Financial. Mizuho maintained Square, Inc. (NYSE:SQ) rating on Thursday, January 4. Mizuho has “Buy” rating and $40.0 target. The rating was downgraded by Craig Hallum on Friday, March 23 to “Sell”.

The stock decreased 1.30% or $0.86 during the last trading session, reaching $65.34. About 5.35 million 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: Seekingalpha.com which released: “It’s Hip To Be Square” on June 14, 2018, also Fool.com with their article: “How Big of a Threat Is Zelle to Square’s Cash App and Venmo?” published on June 15, 2018, Streetinsider.com published: “Square (SQ) Cash Could Be Worth $20 Per Share of MV – KeyBanc” on June 19, 2018. More interesting news about Square, Inc. (NYSE:SQ) were released by: Seekingalpha.com and their article: “Square gets New York state cryptocurrency license” published on June 18, 2018 as well as Seekingalpha.com‘s news article titled: “Square – Not Quite A Snare” with publication date: June 13, 2018.

Square, Inc. (NYSE:SQ) Ratings Chart

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