Following an update released by analysts at Compass Point on Tuesday the broker has now set a ‘Buy’ rating on shares of Square Inc (NYSE:SQ) with a price target of 19.
On Tuesday Compass Point reiterated its target for shares of Square Inc as ‘Buy’ recommending a target price of 19 for investors; potentially meaning there is an increase of 27.09% from Square Inc’s share price of 14.95.
Square Inc has 352,138,000 shares currently held by shareholders which currently trade around the 14.95 mark which totals Square Inc’s market capitalisation to 5.26B USD.
The business has a 50 day moving average of 13.68 and a 200 day moving average of 11.68 whilst the 52 week high shares of Square Inc have reached is 15.91 and the 52 week low is 8.06.
Square, Inc. enables payment processing, and also offers financial and marketing services. The Company provides sellers various tools to start, run, manage and grow their businesses. It serves sellers of all sizes, ranging from a single vendor at a farmers’ market to multinational businesses. It serves as a payment service provider, acting as the touch point for the seller to the rest of the payment chain. Square Register is a point of sale (POS) software application for iPhone operating software (iOS) and Android, and is available to sellers across the world. Square Reader for magnetic stripe cards plugs into the standard headset jack of a mobile device, enabling swiped transactions. Square Customer Engagement helps sellers analyze and understand their businesses, engage their buyers in ongoing conversations, and promote their offerings through e-mail marketing. Caviar offers a food delivery service to help restaurants reach new customers.