Reporting a possible upside of 0.01%, Guggenheim bumped up the target of Square Inc (NYSE:SQ) to $20.00
Previously on Thursday May 04, 2017, Guggenheim reported about Square Inc (NYSE:SQ) raised the target price from $0.00 to $16.00. At the time, this indicated a possible downside of -0.12%.
Yesterday Square Inc (NYSE:SQ) traded -0.60% lower at $19.78. The company’s 50-day moving average is $17.49 and its 200-day moving average is $14.88. The last stock close price is up 32.90% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 9,608,330 shares of the stock were exchanged, up from an average trading volume of 7,195,630
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Square Inc has a 52 week low of $8.42 and a 52 week high of $20.42 The company’s market cap is currently $0.
In addition to Guggenheim reporting its stock price target, a total of 17 analysts have released a research note on Square Inc. The 12-month price target is $12.53 with five brokerages rating the company a strong buy, five Equity Analysts Rating the company a buy, nine equity analysts rating the company a hold, zero analysts rating the company a underperform, and lastly one firm rating the stock a sell.
About Square Inc (NYSE:SQ)
Square, Inc. (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment. With its offering, a seller can accept payments in person via magnetic stripe (a swipe), Europay, MasterCard, and Visa (EMV) (a dip), or Near Field Communication (NFC) (a tap); or online via Square Invoices, Square Virtual Terminal, or the seller's Website. Once on its system, sellers gain access to technology and features, such as reporting and analytics, next-day settlements, digital receipts, payment dispute management and chargeback protection, and Payment Card Industry (PCI) compliance. On the consumer (buyer) side, Square Cash offers individuals access to a way to send and receive money.
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