Square, Inc. SQ shares are trading higher after analysts at SunTrust raised their price target on the stock from $83 to $150.
The company's stock has rallied approximately 12% over the past three trading sessions.
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 4.83% at $118.80 per share on Monday at the time of publication. The company set a new 52-week high of $118.80 and has a 52-week low of $32.33.
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