- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in