Square, Inc. (SQ)’s Stock Is Buy After Achieving All Time High

March 14, 2018 - By Winifred Garcia

The stock of Square, Inc. (NYSE:SQ) reached all time high today, Mar, 14 and still has $56.24 target or 4.00 % above today’s $54.08 share price. This indicates more upside for the $21.44 billion company. This technical setup was reported by Barchart.com. If the $56.24 PT is reached, the company will be worth $857.40M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 4.34% or $2.25 during the last trading session, reaching $54.08. About 18.63M shares traded or 23.56% 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.

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. Barclays Capital maintained the stock with “Overweight” rating in Thursday, November 9 report. The firm earned “Overweight” rating on Monday, December 14 by Barclays Capital. The company was maintained on Tuesday, November 21 by Canaccord Genuity. The stock of Square, Inc. (NYSE:SQ) has “Buy” rating given on Tuesday, September 12 by Cantor Fitzgerald. The stock of Square, Inc. (NYSE:SQ) earned “Hold” rating by Craig Hallum on Wednesday, June 15. The stock of Square, Inc. (NYSE:SQ) earned “Buy” rating by Guggenheim on Thursday, November 9. As per Monday, September 25, the company rating was maintained by Tigress Financial. The company was maintained on Thursday, November 16 by Nomura. The stock of Square, Inc. (NYSE:SQ) has “Outperform” rating given on Monday, December 14 by RBC Capital Markets. The firm has “Underperform” rating given on Friday, May 6 by Wedbush.

More notable recent Square, Inc. (NYSE:SQ) news were published by: Investorplace.com which released: “3 Reasons Not to Even Consider Buying Square Inc Stock for Now” on March 08, 2018, also Bloomberg.com with their article: “Square Tops Sales Estimates on Gain From Broader Services” published on February 27, 2018, Marketwatch.com published: “Square wants to build out app that accepts bitcoin, but spending plans stall stock” on February 27, 2018. More interesting news about Square, Inc. (NYSE:SQ) were released by: Marketwatch.com and their article: “Square stock rises as analyst points to strong merchant willingness to accept …” published on March 14, 2018 as well as Seekingalpha.com‘s news article titled: “Square Assembles An Army Of Services” with publication date: March 12, 2018.

Square, Inc. develops and provides payment processing, point-of-sale , financial, and marketing services worldwide. The company has market cap of $21.44 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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