Nomura Reiterates Square Inc (NYSE:SQ) As a “Buy”; They Now Have a Price Objective Of $65.0000

May 17, 2018 - By Kurt Siggers

Square, Inc. (NYSE:SQ) Logo

Square Inc (NYSE:SQ) Rating Reaffirmed

Nomura now has a $65.0000 TP on the $22.68 billion market cap company or 14.86 % upside potential. In an analyst report revealed to clients and investors on Wednesday, 16 May, Square Inc (NYSE:SQ) shares have had their “Buy” Rating kept by research professionals at Nomura.

Square, Inc. (NYSE:SQ) Ratings Coverage

Among 5 analysts covering Square Inc (NYSE:SQ), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. Square Inc has $42 highest and $33.0 lowest target. $37.33’s average target is -34.03% below currents $56.59 stock price. Square Inc had 5 analyst reports since November 17, 2017 according to SRatingsIntel. Credit Suisse maintained it with “Neutral” rating and $37 target in Monday, November 20 report. On Monday, November 27 the stock rating was downgraded by BTIG Research to “Sell”. The company was maintained on Tuesday, November 21 by Canaccord Genuity. The rating was upgraded by Evercore to “Outperform” on Friday, November 17.

The stock increased 3.55% or $1.94 during the last trading session, reaching $56.59. About 10.88M shares traded. Square, Inc. (NYSE:SQ) has risen 196.00% since May 17, 2017 and is uptrending. It has outperformed by 184.45% the S&P500.

Square, Inc. develops and provides payment processing, point-of-sale , financial, and marketing services worldwide. The company has market cap of $22.68 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.

More notable recent Square, Inc. (NYSE:SQ) news were published by: Seekingalpha.com which released: “Square: Expected Weakness Will Last” on May 04, 2018, also Seekingalpha.com with their article: “Square Q1 Earnings: Great Fundamentals, Bad Stock?” published on May 07, 2018, Investorplace.com published: “Join the Revival in Square Inc” on May 09, 2018. More interesting news about Square, Inc. (NYSE:SQ) were released by: 247Wallst.com and their article: “What to Expect When Square Reports After the Close” published on May 02, 2018 as well as Streetinsider.com‘s news article titled: “Lone Pine’s 13F Shows New Stake in Dollar Tree (DLTR), Square (SQ), T-Mobile (TMUS) (more…)” with publication date: May 15, 2018.

Square, Inc. (NYSE:SQ) Ratings Chart

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