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realfast95

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realfast95

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Thursday, 02/28/2019 6:35:50 AM

Thursday, February 28, 2019 6:35:50 AM

Post# of 2988
Square price target raised to $85 from $75 at Mizuho Mizuho analyst Thomas McCrohan raised his price target for Square to $85 from $75 citing the company's outperformance in Q4 and its guidance calling for 45% organic revenue growth in 2019. The stock in premarket trading is down 7%, or $5.28, to $74.04. As a reminder, Square entered 2018 with adjusted revenue guidance of 34% and it posted 53.6% organic growth, McCrohan tells investors in a post-earnings research note titled "There's No Business Like Square Business." He believes the company is entering 2019 with "impressive growth at scale, and a litany of ancillary products with high incremental margins."

Read more at:
https://thefly.com/landingPageNews.php?id=2871819
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