RBC Capital Keeps Buy Rating for Square Inc (SQ) stock. What’s the Best Move for Investors?

May 18, 2018 - By Ellis Scott

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Square Inc (SQ) Rating Reaffirmed

RBC Capital kept their Buy rating on Square Inc (SQ) in an analyst note sent to investors and clients on Friday, 18 May.

Square, Inc. (NYSE:SQ) Ratings Coverage

Among 23 analysts covering Square (SQ), 15 have Buy rating, 2 Sell and 6 Hold. Therefore 65% are positive. Square has $6700 highest and $3000 lowest target. $50.50’s average target is -8.25% below currents $55.04 stock price. Square had 37 analyst reports since December 11, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Monday, February 5 by Susquehanna. The stock of Square, Inc. (NYSE:SQ) earned “Buy” rating by Stephens on Tuesday, January 9. Mizuho maintained it with “Buy” rating and $40.0 target in Thursday, January 4 report. The firm earned “Neutral” rating on Wednesday, February 28 by Credit Suisse. The rating was maintained by Guggenheim on Wednesday, February 28 with “Buy”. The stock of Square, Inc. (NYSE:SQ) has “Equal-Weight” rating given on Thursday, May 3 by Morgan Stanley. Susquehanna maintained Square, Inc. (NYSE:SQ) rating on Wednesday, February 28. Susquehanna has “Buy” rating and $53.0 target. As per Sunday, April 22, the company rating was maintained by KeyBanc Capital Markets. Buckingham Research initiated it with “Buy” rating and $42.0 target in Thursday, January 4 report. The rating was upgraded by Stifel Nicolaus to “Buy” on Thursday, May 3.

The stock increased 0.40% or $0.22 during the last trading session, reaching $55.04. About 10.01 million shares traded. Square, Inc. (SQ) has risen 196.00% since May 19, 2017 and is uptrending. It has outperformed by 184.45% the S&P500.

Square, Inc. develops and provides payment processing, point-of-sale , financial, and marketing services worldwide. The company has market cap of $22.05 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 important recent Square, Inc. (NYSE:SQ) news were published by: Fool.com which released: “Square’s Big Secret Is Out” on May 18, 2018, also Streetinsider.com published article titled: “Lone Pine’s 13F Shows New Stake in Dollar Tree (DLTR), Square (SQ), T-Mobile (TMUS) (more…)”, Seekingalpha.com published: “Square: Expected Weakness Will Last” on May 04, 2018. More interesting news about Square, Inc. (NYSE:SQ) was released by: Streetinsider.com and their article: “Square (SQ) Lower as PayPal’s (PYPL) iZettle Deal to Keep International Expansion in Check” with publication date: May 18, 2018.

Square, Inc. (NYSE:SQ) Ratings Chart

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