Does Square, Inc. (SQ) Have Any Gas After Today’s Huge Increase?

February 15, 2018 - By Hazel Jackson

The stock of Square, Inc. (NYSE:SQ) is a huge mover today! The stock increased 6.11% or $2.5566 during the last trading session, reaching $44.4066. About 16.91M shares traded. Square, Inc. (NYSE:SQ) has risen 107.40% since February 15, 2017 and is uptrending. It has outperformed by 90.70% the S&P500.
The move comes after 6 months positive chart setup for the $17.26B company. It was reported on Feb, 15 by Barchart.com. We have $46.63 PT which if reached, will make NYSE:SQ worth $862.75M more.

Analysts await Square, Inc. (NYSE:SQ) to report earnings on February, 28. They expect $-0.04 earnings per share, 0.00 % or $0.00 from last year’s $-0.04 per share. After $-0.02 actual earnings per share reported by Square, Inc. for the previous quarter, Wall Street now forecasts 100.00 % negative EPS growth.

Square, Inc. (NYSE:SQ) Ratings Coverage

Among 39 analysts covering Square Inc (NYSE:SQ), 21 have Buy rating, 1 Sell and 17 Hold. Therefore 54% are positive. Square Inc had 114 analyst reports since November 20, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Compass Point on Friday, April 15. The firm has “Buy” rating by Needham given on Thursday, February 23. The rating was upgraded by Deutsche Bank on Friday, December 2 to “Buy”. Susquehanna initiated it with “Neutral” rating and $11.0 target in Wednesday, December 9 report. The rating was initiated by Topeka Capital Markets with “Hold” on Tuesday, December 15. Jefferies maintained the shares of SQ in report on Wednesday, October 11 with “Buy” rating. Stifel Nicolaus maintained Square, Inc. (NYSE:SQ) on Wednesday, August 2 with “Buy” rating. The firm has “Buy” rating given on Tuesday, January 10 by Compass Point. The stock of Square, Inc. (NYSE:SQ) has “Buy” rating given on Thursday, November 9 by Mizuho. As per Wednesday, October 19, the company rating was initiated by Credit Suisse.

More notable recent Square, Inc. (NYSE:SQ) news were published by: Usnews.com which released: “Is Square Taking a Risk With Bitcoin Trades?” on February 01, 2018, also Fool.com with their article: “Why 2017 Was a Year to Remember for Square, Inc.” published on January 30, 2018, Investorplace.com published: “Square Inc Stock Bulls Are Getting More Than a Little Crazy” on January 22, 2018. More interesting news about Square, Inc. (NYSE:SQ) were released by: Finance.Yahoo.com and their article: “Here’s Why Shares of Square, Inc. Spiked 154% in 2017” published on January 17, 2018 as well as Reuters.com‘s news article titled: “BRIEF-Walmart Board Of Directors Adds Square Inc CFO Sarah Friar” with publication date: February 08, 2018.

Square, Inc. develops and provides payment processing, point-of-sale , financial, and marketing services worldwide. The company has market cap of $17.26 billion. It provides Square Point of Sale, a POS application software that offers managed payments solutions and advanced software products, including Square Dashboard, a cloud reporting and analytics tool that provides sellers with real-time data and insights about sales, items, customers, and employees; Square Payroll, which empowers sellers to hire, onboard, and pay employees and the associated taxes; and customer engagement tools that help sellers to enhance their business through digital customer feedback, marketing, and loyalty programs. It currently has negative earnings. The firm also offers in-person/card present payments solutions, such as magstripe readers, contactless and chip readers, and chip card readers; and Square Stand that transforms an iPad into a POS terminal.

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