Square (SQ) Received its Third Buy in a Row

After Deutsche Bank and KeyBanc gave Square (NYSE: SQ) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Jed Kelly assigned a Buy rating to Square today and set a price target of $210.00. The company’s shares closed last Wednesday at $211.87.

According to TipRanks.com, Kelly is a 4-star analyst with an average return of 10.3% and a 50.7% success rate. Kelly covers the Technology sector, focusing on stocks such as Paypal Holdings, Black Knight, and EverQuote.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Square with a $192.50 average price target, representing a -7.2% downside. In a report issued on November 16, KeyBanc also maintained a Buy rating on the stock with a $250.00 price target.

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Square’s market cap is currently $88.37B and has a P/E ratio of 310.30. The company has a Price to Book ratio of 54.98.

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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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