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. (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment. With its offering, a seller can accept payments in person via magnetic stripe (a swipe), Europay, MasterCard, and Visa (EMV) (a dip), or Near Field Communication (NFC) (a tap); or online via Square Invoices, Square Virtual Terminal, or the seller’s Website. Once on its system, sellers gain access to technology and features, such as reporting and analytics, next-day settlements, digital receipts, payment dispute management and chargeback protection, and Payment Card Industry (PCI) compliance. On the consumer (buyer) side, Square Cash offers individuals access to a way to send and receive money.