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Fly News Breaks for May 13, 2019
SQ
May 13, 2019 | 07:26 EDT
Much of the recent pressure in shares of Square has been due to worries surrounding its decelerating organic sales growth, Deutsche Bank analyst Bryan Keane tells investors in a research note. However, as the analyst breaks out the key Subscription & Services-based revenue components and adds in the potential Eventbrite deal to his new upside scenario model, he believes Square's organic growth could actually stabilize in the second half of 2019 and potentially accelerate again in Q4. In his upside case, Keane thinks Square has the ability to deliver stable low 40% organic rates of revenue growth in the second half of 2019 and 2020. The traction of the Cash App is being underappreciated, says the analyst, who keeps a Buy rating on Square shares.
News For SQ From the Last 2 Days
SQ
Mar 27, 2024 | 06:23 EDT
KeyBanc raised the firm's price target on Block to $95 from $80 and keeps an Overweight rating on the shares after it surveyed 100-plus SMBs in March 2024 who indicated a deceleration in IT spend growth in 2024.The firm cites a healthy market share lead among respondents using POS software and "consideration for SQ as a CRM tool."