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Fly News Breaks for October 14, 2019
SQ
Oct 14, 2019 | 16:34 EDT
As previously reported, UBS analyst Eric Wasserstrom initiated coverage of Square with a Buy rating and $81 price target. The analyst believes the company will benefit from "reaccelerating revenue growth and margin expansion in 2021" and sees "this reacceleration in revenue growth and margin to re-expand the shares' valuation multiples to levels closer to the mid- to low end of historical ranges from the current level." As such, Wasserstrom sees share weakness on negative 2020 revenue and EBITDA estimates as a "temporary headwind."
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."