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Fly News Breaks for June 7, 2019
SQ
Jun 7, 2019 | 16:06 EDT
Tigress Financial analyst Ivan Feinseth kept his Buy rating on Square, saying the company is increasing its gross payment volumes and deepening its seller relationships to expand its customer service base. The analyst further notes that the company's "key differentiator" will be its new "Square Card" product, adding that its "increasing adoption of Cash App for Bitcoin" also represents a growth opportunity. Feinseth further contends that Square's ability to grow its ecosystem will continue to drive its growing return on capital and increasing economic profit.
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."