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Square, Inc. (NYSE:SQ) to Post FY2020 Earnings of ($0.12) Per Share, Truist Securiti Forecasts
By: MarketBeat | January 8, 2021

Square, Inc. (NYSE:SQ) - Investment analysts at Truist Securiti increased their FY2020 EPS estimates for shares of Square in a research note issued on Wednesday, January 6th. Truist Securiti analyst A. Jeffrey now expects that the technology company will post earnings of ($0.12) per share for the year, up from their prior forecast of ($0.25). Truist Securiti also issued estimates for Square's Q4 2020 earnings at ($0.06) EPS, Q1 2021 earnings at $0.00 EPS, Q2 2021 earnings at ($0.06) EPS, Q3 2021 earnings at ($0.02) EPS and FY2021 earnings at ($0.12) EPS.

A number of other research firms have also recently weighed in on SQ. Evercore ISI raised shares of Square from an "in-line" rating to an "outperform" rating and set a $300.00 price objective for the company in a report on Thursday, December 3rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised shares of Square from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $185.00 to $215.00 in a report on Friday, November 6th. KeyCorp lifted their target price on shares of Square from $215.00 to $250.00 and gave the company an "overweight" rating in a research report on Monday, November 16th. Oppenheimer upgraded shares of Square from a "market perform" rating to an "outperform" rating and set a $185.00 target price on the stock in a research report on Thursday, September 24th. Finally, Barclays reiterated a "buy" rating and issued a $62.00 target price on shares of Square in a research report on Tuesday, December 22nd. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and twenty-five have given a buy rating to the stock. Square currently has an average rating of "Hold" and an average price target of $169.24.

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