Square, Inc. (SQ) Stock Price Increases Today

February 20, 2018 - By Vivian Currie

The stock of Square, Inc. (NYSE:SQ) is a huge mover today! The stock increased 4.65% or $2.05 during the last trading session, reaching $46.16. About 9.71 million shares traded. Square, Inc. (NYSE:SQ) has risen 107.40% since February 20, 2017 and is uptrending. It has outperformed by 90.70% the S&P500.
The move comes after 8 months positive chart setup for the $17.94B company. It was reported on Feb, 20 by Barchart.com. We have $49.85 PT which if reached, will make NYSE:SQ worth $1.43B more.

Analysts await Square, Inc. (NYSE:SQ) to report earnings on February, 28. They expect $-0.04 earnings per share, 0.00 % or $0.00 from last year’s $-0.04 per share. After $-0.02 actual earnings per share reported by Square, Inc. for the previous quarter, Wall Street now forecasts 100.00 % 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 has $48 highest and $8 lowest target. $27.67’s average target is -40.06% below currents $46.16 stock price. Square Inc had 114 analyst reports since November 20, 2015 according to SRatingsIntel. Pacific Crest upgraded the stock to “Overweight” rating in Monday, November 14 report. Piper Jaffray maintained the stock with “Hold” rating in Monday, July 24 report. The company was initiated on Tuesday, December 20 by Guggenheim. The company was initiated on Tuesday, December 15 by Topeka Capital Markets. BTIG Research downgraded Square, Inc. (NYSE:SQ) on Monday, November 27 to “Sell” rating. RBC Capital Markets initiated the stock with “Outperform” rating in Monday, December 14 report. The company was upgraded on Thursday, November 9 by Guggenheim. Keefe Bruyette & Woods maintained the shares of SQ in report on Wednesday, September 6 with “Hold” rating. Bank of America maintained Square, Inc. (NYSE:SQ) rating on Monday, October 9. Bank of America has “Neutral” rating and $31 target. The stock has “Neutral” rating by Compass Point on Friday, April 15.

More notable recent Square, Inc. (NYSE:SQ) news were published by: Investorplace.com which released: “Square Inc Is Going to $50 — Here’s How to Trade It” on February 16, 2018, also Seekingalpha.com with their article: “Square: After The Bitcoin Craze” published on February 13, 2018, Fool.com published: “Why 2017 Was a Year to Remember for Square, Inc.” on January 30, 2018. More interesting news about Square, Inc. (NYSE:SQ) were released by: Benzinga.com and their article: “Morgan Stanley, BofA Positive On Pagseguro, Brazil’s ‘Square With A Twist'” published on February 20, 2018 as well as Businesswire.com‘s news article titled: “Walmart Board of Directors Adds Square, Inc. CFO Sarah Friar” with publication date: February 08, 2018.

Square, Inc. develops and provides payment processing, point-of-sale , financial, and marketing services worldwide. The company has market cap of $17.94 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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