Square Inc (SQ) Stock Pops on Analyst Upgrade

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Square Inc (NYSE:SQ) stock was up on Friday following an analysts upgrade.

Square Inc, SQ stockDeutsche Bank AG have upgraded Square Inc from a “Hold” rating to a “Buy” rating. The analysts also set a target price of $17 for the stock. The company’s stock saw a high of $15.91 in March of this year.

The current consensus rating for Square Inc is “Buy”. The consensus target price is $$13.38. The company has a current market cap of $4.64 billion. SQ’s  average daily volume is 4,301,630 with a total float of 186,358,000. The company saw 1,774,018 shares trade on Thursday, which is below normal levels, reports The Ledger Gazette.

There have been several other analysts that have weighed in on Square Inc stock lately. This includes a Vert Inc. upgrading the stock from a “Hold” rating to a “Buy” rating on Monday. Its current target price for SQ stock is set at $13.58.

There are currently 30 different analysts that are covering Square Inc stock. Of these analysts 13 have given it a “Hold” rating and 17 have given it a “Buy” rating. The stock’s 50-day moving average price is $11.68. Its 200 day moving average price is $10.71. The stock’s 52-week low is $8.06.

Square Inc was launched in February of 2007 by co-founders Jack Dorsey and Jim McKelvey. Its headquarters in located in San Francisco, Calif. The stock started trading publicly on Nov. 19, 2015. Dorsey is also the co-founder of Twitter Inc (NYSE:TWTR) and is currently acting as the social media company’s CEO.

SQ stock was up 2% as of Friday afternoon, but is flat year-to-date.

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