Wells Fargo Kept Square (SQ) As a “Market Perform”; They Now Have a PT Of $60

June 14, 2018 - By Peter Erickson

Square, Inc. (NYSE:SQ) Logo

Square (SQ) Rating Reaffirmed

They currently have a $60 target price per share on Square (SQ). The target price by Wells Fargo would suggest a potential downside of -6.67 % from the company’s last price. This has been disclosed in a note on 14 June.

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. Craig Hallum downgraded the stock to “Sell” rating in Friday, March 23 report. On Tuesday, January 9 the stock rating was maintained by Stephens with “Buy”. As per Monday, February 5, the company rating was maintained by Susquehanna. Buckingham Research maintained the shares of SQ in report on Tuesday, April 3 with “Buy” rating. The firm earned “Hold” rating on Wednesday, February 28 by Craig Hallum. The stock has “Buy” rating by Evercore on Monday, March 26. The stock of Square, Inc. (NYSE:SQ) has “Hold” rating given on Thursday, January 18 by Piper Jaffray. The company was maintained on Friday, March 23 by Deutsche Bank. Cantor Fitzgerald maintained Square, Inc. (NYSE:SQ) rating on Wednesday, February 28. Cantor Fitzgerald has “Overweight” rating and $51 target. The stock of Square, Inc. (NYSE:SQ) has “Buy” rating given on Thursday, January 4 by Buckingham Research.

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: Investorplace.com which released: “Proceed With Caution With Square Inc (SQ) Stock” on June 14, 2018, also Seekingalpha.com with their article: “There Is A Lot Going On Underneath The Market – Cramer’s Mad Money (6/11/18)” published on June 12, 2018, Seekingalpha.com published: “Square – Not Quite A Snare” on June 13, 2018. More interesting news about Square, Inc. (NYSE:SQ) were released by: Fool.com and their article: “Square’s Most Important Product of 2019” published on June 10, 2018 as well as Investorplace.com‘s news article titled: “A Breakout Beckons in Square Inc Stock” with publication date: May 29, 2018.

Square, Inc. (NYSE:SQ) Ratings Chart

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