Square stock gains after KeyBanc hikes target to $115
Square Inc. shares are up 1% in premarket trading Tuesday after KeyBanc Capital Markets analyst Josh Beck raised his price target to $115 from $75. His new target is the second highest listed on FactSet. Beck raised his target following a small survey of 20 Square sellers. "The intent to adopt additional value-added products as well as advanced point-of-sale software feedback were key positive standouts," he wrote. Beck sees sellers interested in invoicing, payroll, and marketing services in particular. Square shares are up 181% so far this year, while the S&P 500 has gained 9.4%.
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