Raymond James Reaffirms Their Sell Rating on Square (SQ)


Raymond James analyst John Davis maintained a Sell rating on Square (SQ) today. The company’s shares closed last Tuesday at $256.59, close to its 52-week high of $283.19.

According to TipRanks.com, Davis is a 5-star analyst with an average return of 16.6% and a 74.8% success rate. Davis covers the Technology sector, focusing on stocks such as Bottomline Technologies, Jack Henry & Associates, and Fidelity National Info.

Square has an analyst consensus of Moderate Buy, with a price target consensus of $276.80.

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Based on Square’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.03 billion and net profit of $36.52 million. In comparison, last year the company earned revenue of $1.27 billion and had a net profit of $29.4 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. 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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