Bernstein Initiates a Hold Rating on Square Inc (SQ)
Square Inc (SQ) received a Hold rating and an $80 price target from Bernstein analyst Harshita Rawat today. The company’s shares closed yesterday at $74.39.
According to TipRanks.com, Rawat is ranked #3232 out of 5187 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Square Inc with a $85.25 average price target.
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Based on Square Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $28.2 million. In comparison, last year the company had a GAAP net loss of $23.99 million.
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Square, Inc. engages in the provision of credit card payment processing solutions. The firm offers additional point-of-sale services, financial services, and marketing services. The company was founded by Jack Dorsey and Jim McKelvey in February 2009 and is headquartered in San Francisco, CA.
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