KeyBanc analyst Josh Beck raised his price target for Square to $70 from $55 to reflect significant platform opportunities. The analyst sees the potential for $50B-plus of payment volume and $450M of revenue out through 2022 that could create $20 per share of value. Beck reiterates an Overweight rating on the shares.
As bitcoin, ethereum and other cryptocurrencies get increasing attention from investors, Wall Street and its traditional banks continue to adjust to the shift. Catch up on... To see the rest of the story go to thefly.com. See Story Here