RBC Capital Keeps Their Buy Rating on Square Inc

By Jason Carr

RBC Capital analyst Daniel Perlin reiterated a Buy rating on Square Inc (NYSE: SQ) yesterday and set a price target of $24. The company’s shares closed yesterday at $20.34, close to its 52-week high of $20.69.

According to TipRanks.com, Perlin is a top 100 analyst with an average return of 14.5% and a 87.1% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Automatic Data Processing, and Jack Henry & Associates.

Currently, the analyst consensus on Square Inc is Strong Buy and the average price target is $20.30, representing a -0.2% downside.

In a report issued on May 4, Stifel Nicolaus also reiterated a Buy rating on the stock with a $21 price target.

The company has a one year high of $20.69 and a one year low of $8.42. Currently, Square Inc has an average volume of 7.46M.

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Square, Inc. engages in the provision of credit card payment processing solutions. The firm offers additional point-of-sale services, financial services, and marketing services. The was founded by Jack Dorsey and Jim McKelvey in February 2009 and is headquartered in San Francisco, CA.