Square SQ shares are trading higher on Thursday after Deutsche Bank maintained a Buy rating on the stock and raised its price target from $140 to $180.
Founded in 2009, Square provides payment acquiring services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. Square has operations in Canada, Japan, Australia, and the United Kingdom; about 5% of revenue is generated outside the U.S.
Square's stock traded up 3.92% at $156.22 per share at the time of publication on Thursday. The stock has a 52-week high of $158.43 and a 52-week low of $32.22.
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