- The shares of Square Inc (NYSE: SQ) have received a price target increase from $270 to $290 by Credit Suisse. These are the details.
The shares of Square Inc (NYSE: SQ) have received a price target increase from $270 to $290 by Credit Suisse. And Credit Suisse analyst Timothy Chiodo is maintaining an “Outperform” rating on the company shares.
Chiodo believes that Square is a secular winner that is capable of maintaining solid revenue growth well beyond the next five years.
Credit Suisse is not the only brokerage to recently increase the price target on Credit Suisse. Barclays recently increased the price target on Square from $320 and $330 and reiterated an “Overweight” rating. Barclays analyst Ramsey El-Assal had cited Square’s significant acceleration in business investments outside of the U.S.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.