Square (NYSE:SQ) Reaching An Inflection Point; Monness Crespi & Hardt Initiates Shares At “Buy” with $15.0 target

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Why Has Monness Crespi & Hardt Given Square (NYSE:SQ) a $15.0 Price Target

Stock research analysts at Monness Crespi & Hardt began coverage on shares of Square (NYSE:SQ) in analysts note finalized on Thursday morning. The firm set “Buy” rating on the stock. Monness Crespi & Hardt’s Estimated Target Price of $15.0 suggests potential of 25.73% from the stock’s closing share price.

From a total of 2 analysts covering Square Inc (NYSE:SQ) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 50% of the ratings are positive. Square Inc was the topic of 2 analyst reports since November 20, 2015 according to the firm StockzIntelligence Inc. BTIG Research initiated shares on December 2 with “Buy” rating.

The stock increased 0.46% or $0.06 on December 3, striking $11.97. Approximately 3,950 shares of stock traded hands. Square Inc (NYSE:SQ) has risen 6.00% since November 3, 2015 and is uptrending. It has outperformed by 6.29% the S&P500.

Square, Inc. provides financial services and marketing services. The company has a market cap of $3.92 billion. The Firm also provides payments and point-of-sale (POS), which include hardware and software to accept payments, streamline operations, and analyze business information. It currently has negative earnings. The Company’s payments and POS services include In-Person Payments, Online Payments, Square Cash, Square Register, Square Analytics, Square Appointments and Square App Marketplace.

According to Zacks Investment Research, “Square, Inc. offers financial services and marketing services. The Company provides payments and point-of-sale which include hardware and software to accept payments, streamline operations and analyze business information. Its payments and POS services include In-Person Payments, Online Payments, Square Cash, Square Register, Square Analytics, Square Appointments and Square App Marketplace. The Company’s financial services include Square Capital and Square Payroll. Square, Inc. is headquartered in San Francisco, California.” Get a free copy of the Zacks research report on Square Inc (SQ).

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