Square (SQ) Stock: $322 Price Target From UBS

By Amit Chowdhry ● Nov 25, 2021
  • The shares of Square Inc (NYSE: SQ) recently received a $322 price target from UBS. These are the details.

The shares of Square Inc (NYSE: SQ) recently received a $322 price target from UBS. And UBS analyst Rayna Kumar initiated coverage of Square with a “Buy” rating.

Kumar noted that the company is expected to exceed consensus gross profit estimates in the near term and also believes that its transformational acquisition of Afterpay will deepen the Seller and Cash App ecosystems.

And Kumar pointed out that the favorable consumer trends and competitive positioning for Afterpay in the “Buy Now Pay Later” category suggests upside synergy potential.

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