In a report released today, Sean Horgan from Rosenblatt Securities assigned a Buy rating to Square (SQ), with a price target of $310.00. The company’s shares closed last Tuesday at $256.59, close to its 52-week high of $283.19.
According to TipRanks.com, Horgan is a 3-star analyst with an average return of 8.4% and a 63.2% success rate. Horgan covers the Technology sector, focusing on stocks such as Fidelity National Info, Tradeweb Markets, and Paypal Holdings.
Square has an analyst consensus of Moderate Buy, with a price target consensus of $265.23, a 7.1% upside from current levels. In a report issued on February 17, Deutsche Bank also maintained a Buy rating on the stock with a $330.00 price target.
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The company has a one-year high of $283.19 and a one-year low of $32.33. Currently, Square has an average volume of 9.42M.
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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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