New Buy Rating for Square Inc (SQ), the Technology Giant
KeyBanc analyst Josh Beck maintained a Buy rating on Square Inc (SQ) today and set a price target of $75. The company’s shares closed last Monday at $59.03.
According to TipRanks.com, Beck is a top 100 analyst with an average return of 23.9% and a 76.9% success rate. Beck covers the Technology sector, focusing on stocks such as Fidelity National Info, Pagseguro Digital Ltd, and Global Payments Inc.
Currently, the analyst consensus on Square Inc is a Moderate Buy with an average price target of $77.20, a 28.8% upside from current levels. In a report issued on September 12, Needham also reiterated a Buy rating on the stock with a $90 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 $6.74 million. In comparison, last year the company had a GAAP net loss of $5.91 million.
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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. Once a seller downloads the Square Point of Sale mobile app, they can quickly and easily take their first payment, typically within minutes.
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