SQ Stock: $300 Price Target From Atlantic Equities

By Amit Chowdhry ● Oct 14, 2021
  • The shares of Square Inc (NYSE: SQ) have received a $300 price target from Atlantic Equities. These are the details.

The shares of Square Inc (NYSE: SQ) have received a $300 price target from Atlantic Equities. And Atlantic Equities analyst Kunaal Malde upgraded Square to an “Overweight” rating from “Neutral.”

Malde noted that the company’s growth prospects remain substantial as it continues disrupting consumer and business banking through strong execution against a digital-first strategy. And Square’s Cash App is known as a leading brand with network effects, innovates quickly, and has multiple monetization levers ahead.

Plus Malde said that the Afterpay acquisition adds incremental growth opportunities for Square in the “buy now pay later” space along with commerce. So Malde recommends taking advantage of the recent pullback in the company shares.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.