.jpg "Square (NYSE: SQ)")
Cantor Fitzgerald analyst Joseph Foresi maintained a Buy rating on Square (SQ) today and set a price target of $66.00. The company’s shares closed last Monday at $56.03.
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 20.5% and a 79.7% success rate. Foresi covers the Technology sector, focusing on stocks such as International Business Machines, Fidelity National Info, and Exlservice Holdings.
Currently, the analyst consensus on Square is a Moderate Buy with an average price target of $64.77, a 20.4% upside from current levels. In a report issued on March 17, Cowen & Co. also upgraded the stock to Buy with a $70.00 price target.
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Square’s market cap is currently $24.39B and has a P/E ratio of 65.50. The company has a Price to Book ratio of 16.53.
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Square, Inc. engages in the provision of credit card payment processing solutions. It is a cohesive commerce ecosystem that helps sellers start, run, and grow their businesses. The firms sellers downloads the Square Point of Sale mobile app, they can quickly and easily take their first payment, typically within minutes. Its system, sellers gain access to features such as next-day settlements, digital receipts, payment dispute management, data security, and Payment Card Industry compliance. 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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