.jpg "Square Inc (NYSE: SQ)")
KeyBanc analyst Josh Beck maintained a Buy rating on Square Inc (NYSE: SQ) today and set a price target of $115. The company’s shares closed yesterday at $97.28, close to its 52-week high of $101.15.
According to TipRanks.com, Beck is a 5-star analyst with an average return of 31.6% and a 80.6% success rate. Beck covers the Technology sector, focusing on stocks such as Total System Services, Global Payments Inc, and Paypal Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Square Inc with a $84.10 average price target, representing a -13.5% downside. In a report issued on September 19, Stifel Nicolaus also maintained a Buy rating on the stock with a $100 price target.
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Based on Square Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $5.91 million. In comparison, last year the company had a GAAP net loss of $16.1 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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