- Tigress Financial analyst Ivan Feinseth raised the price target on Square Inc SQ to $310 from $295, implying a 34% upside, and kept a Buy.
- Ongoing innovation and development of new products and services, along with the secular shift to electronic and application-based payments, will continue to be key growth drivers for Square.
- He believes Square's recently announced Square Card is also a "significant game-changer" for the company, and its increasing adoption of Cash App for Bitcoin "will continue to be a growth opportunity."
- Price Action: SQ shares traded lower by 2.84% at $231.69 on the last check Wednesday.
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