Block Inc (SQ)

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Square (NYSE:SQ) Coverage Initiated by Analysts at Robert W. Baird
By: MarketBeat | December 22, 2020

Stock analysts at Robert W. Baird assumed coverage on shares of Square (NYSE:SQ) in a research report issued on Tuesday, The Fly reports. The firm set a "neutral" rating on the technology company's stock.

A number of other equities research analysts have also issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of Square from $141.00 to $190.00 and gave the company a "neutral" rating in a report on Thursday, November 12th. Needham & Company LLC boosted their price target on shares of Square from $230.00 to $250.00 and gave the company a "buy" rating in a report on Tuesday, December 1st. Evercore ISI upgraded shares of Square from an "in-line" rating to an "outperform" rating and set a $300.00 price target on the stock in a report on Thursday, December 3rd. Bank of America restated a "sell" rating and set a $120.00 price target on shares of Square in a report on Friday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Square from $215.00 to $255.00 and gave the company a "buy" rating in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company's stock. The company currently has a consensus rating of "Hold" and an average price target of $164.55.

Shares of NYSE SQ traded up $8.08 during midday trading on Tuesday, reaching $241.58. The company's stock had a trading volume of 9,401,890 shares, compared to its average volume of 12,215,380. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.92. The company has a 50 day moving average price of $200.21 and a 200 day moving average price of $155.03. Square has a one year low of $32.33 and a one year high of $243.38. The company has a market cap of $108.94 billion, a price-to-earnings ratio of 389.65 and a beta of 2.68.

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