Square (SQ): New Buy Recommendation for This Technology Giant

In a report released yesterday, Joseph Vafi from Canaccord Genuity maintained a Buy rating on Square (SQ), with a price target of $280.00. The company’s shares closed last Thursday at $223.96.

According to TipRanks.com, Vafi is a top 100 analyst with an average return of 56.2% and a 70.2% success rate. Vafi covers the Technology sector, focusing on stocks such as Fidelity National Info, Grid Dynamics Holdings, and Paypal Holdings.

Currently, the analyst consensus on Square is a Moderate Buy with an average price target of $284.97, representing a 21.2% upside. In a report issued on April 21, Rosenblatt Securities also maintained a Buy rating on the stock with a $320.00 price target.

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The company has a one-year high of $283.19 and a one-year low of $67.12. Currently, Square has an average volume of 10.93M.

Based on the recent corporate insider activity of 151 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SQ in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 2009, California-based Square, Inc. provides credit card payment processing solutions. The company’s commerce ecosystem offers point-of-sale software and hardware that helps sellers with payment and point-of-sale solutions.

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