Why Has Topeka Capital Markets Given Square (NYSE:SQ) a $13 Price Target
Analysts at Topeka Capital Markets began issuing coverage on shares of Square (NYSE:SQ) in analysts note published on Tuesday, 15 December. The financial company set Hold rating on the $3.92B market cap company.
From a total of 11 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 $16 while the lowest target price is $11. The mean of all analyst targets is $13.91 with a 11.79% above today’s ($12.3) stock price. Square Inc was the topic of 11 analyst reports since November 20, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs initiated shares on December 14 with “Buy” rating. JP Morgan initiated shares with “Overweight” rating and $14 target share price in a report from a December 14. Deutsche Bank initiated SQ stock in a recent report from December 14 with “Hold” rating. RBC Capital Markets initiated the rating on December 14. RBC Capital Markets has a “Outperform” rating and a $15 price target on shares. Finally, Stifel Nicolaus initiated the stock with “Hold” rating in a report issued on a December 14.
The stock increased 2.93% or $0.35 during the last trading session, striking $12.3. Approximately shares of stock traded hands. Square Inc (NYSE:SQ) has risen 6.00% since November 15, 2015 and is uptrending. It has outperformed by 9.68% 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.”