What’s Next for Square, Inc. (SQ) After Today’s Big Increase?

February 20, 2018 - By reb123z

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 EPS, 0.00 % or $0.00 from last year’s $-0.04 per share. After $-0.02 actual EPS 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. The stock has “Hold” rating by Stifel Nicolaus on Thursday, November 9. The rating was initiated by Jefferies on Monday, December 14 with “Buy”. As per Wednesday, October 11, the company rating was maintained by Mizuho. Credit Suisse maintained the stock with “Neutral” rating in Monday, November 20 report. The stock of Square, Inc. (NYSE:SQ) earned “Outperform” rating by RBC Capital Markets on Thursday, February 23. On Thursday, August 3 the stock rating was maintained by Canaccord Genuity with “Hold”. The firm has “Sell” rating given on Monday, November 27 by BTIG Research. The rating was maintained by Canaccord Genuity on Thursday, August 4 with “Hold”. Barclays Capital maintained the stock with “Overweight” rating in Thursday, November 9 report. The company was upgraded on Thursday, November 9 by Guggenheim.

More notable recent Square, Inc. (NYSE:SQ) news were published by: Fool.com which released: “Why 2017 Was a Year to Remember for Square, Inc.” on January 30, 2018, also Usnews.com with their article: “Is Square Taking a Risk With Bitcoin Trades?” published on February 01, 2018, Businesswire.com published: “Walmart Board of Directors Adds Square, Inc. CFO Sarah Friar” on February 08, 2018. More interesting news about Square, Inc. (NYSE:SQ) were released by: Investorplace.com and their article: “Square Inc Is Going to $50 — Here’s How to Trade It” published on February 16, 2018 as well as Seekingalpha.com‘s news article titled: “An Analysis Of Square’s Revenue Potential” with publication date: February 07, 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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