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Shares of
Square IncSQ were trading lower by nearly 7 percent on Monday, nearly erasing all of the stock's gains since early December.
Meanwhile, the Vetr crowd
downgraded Square's stock rating to 4-stars out of a possible 5-stars from a prior rating of 4.5-stars. Nevertheless, the Vetr crowd's ratings implies the stock remains in bull territory and the crowd-sourced price target of $14.41 implies a potential upside of nearly 15 percent.
Despite a downgrade, 68 percent of the crowd's ratings are bullish.
Richard Begun, a bullish member of the crowd, pointed out that the "continued adoption" of Square's payment technology by the industry as a bullish indicator of the stock.
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