Why Has JP Morgan Given Square Inc (NYSE:SQ) a $14.00 Price Target
JP Morgan sent to investors in an interesting research note that it have initiated coverage on Square Inc (NYSE:SQ) stock, with Overweight rating and a $14.00 TP.
From a total of 4 analysts covering Square Inc (NYSE:SQ) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $15 while the lowest target price is $11. The mean of all analyst targets is $13.25 with a 6.20% above today’s ($11.93) stock price. Square Inc was the topic of 4 analyst reports since November 20, 2015 according to the firm StockzIntelligence Inc. Susquehanna initiated shares on December 9 with “Neutral” rating. BTIG Research initiated SQ stock in a recent report from December 2 with “Buy” rating.
The stock decreased 1.00% or $0.12 on December 11, striking $11.93. Approximately shares of stock traded hands. Square Inc (NYSE:SQ) has risen 6.00% since November 14, 2015 and is uptrending. It has outperformed by 10.42% 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.”