TOday’s Movers: Square (SQ) Stock Rating Reiterated at Wells Fargo; $60 Target Price Indicates -6.67 % Potential

June 14, 2018 - By Stephen Andrade

Square, Inc. (NYSE:SQ) Logo

Square (SQ) Rating Reaffirmed

In analysts note made public on Thursday morning, The Market Perform rating of Square (SQ) shares was reiterated at Wells Fargo, who now has a $60 TP on the stock. Wells Fargo’s TP gives a possible downside of -6.67 % from the last stock close price of the company.

Square, Inc. (NYSE:SQ) Ratings Coverage

Among 22 analysts covering Square Inc (SQ), 14 have Buy rating, 2 Sell and 6 Hold. Therefore 64% are positive. Square Inc has $69 highest and $3000 lowest target. $53.05’s average target is -17.48% below currents $64.29 stock price. Square Inc had 40 analyst reports since December 19, 2017 according to SRatingsIntel. KeyBanc Capital Markets maintained Square, Inc. (NYSE:SQ) on Wednesday, February 21 with “Overweight” rating. Guggenheim maintained Square, Inc. (NYSE:SQ) on Wednesday, February 28 with “Buy” rating. KeyBanc Capital Markets maintained the shares of SQ in report on Sunday, April 22 with “Buy” rating. As per Wednesday, February 28, the company rating was maintained by Credit Suisse. Stephens maintained the stock with “Buy” rating in Wednesday, February 28 report. On Friday, May 18 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Hold” rating given on Wednesday, February 28 by Canaccord Genuity. On Wednesday, February 28 the stock rating was maintained by Susquehanna with “Buy”. Deutsche Bank maintained Square, Inc. (NYSE:SQ) on Thursday, February 15 with “Buy” rating. RBC Capital Markets maintained Square, Inc. (NYSE:SQ) rating on Monday, April 30. RBC Capital Markets has “Buy” rating and $5300 target.

The stock increased 2.86% or $1.79 during the last trading session, reaching $64.29. About 6.79 million shares traded. Square, Inc. (SQ) has risen 149.75% since June 14, 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 $25.76 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: “Square – Not Quite A Snare” on June 13, 2018, also Investorplace.com with their article: “Proceed With Caution With Square Inc (SQ) Stock” published on June 14, 2018, Seekingalpha.com published: “Square plans $750M convertible notes offering” on May 21, 2018. More interesting news about Square, Inc. (NYSE:SQ) were released by: Investorplace.com and their article: “A Breakout Beckons in Square Inc Stock” published on May 29, 2018 as well as Fool.com‘s news article titled: “Square’s Biggest Opportunity, According to Its CEO” with publication date: June 10, 2018.

Square, Inc. (NYSE:SQ) Ratings Chart

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