Why Square's Stock Is Trading Higher Today

Square, Inc. SQ shares are trading higher after Mizuho initiated coverage on the company's stock with a Buy rating and announced a $225 price target.

Square provides payment acquiring services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network.

Square's stock was trading up 2.59% at $157.72 per share on Thursday at the time of publication. The stock has a 52-week high of $161.54 and a 52-week low of $32.33.