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Fly News Breaks for February 27, 2020
SQ
Feb 27, 2020 | 08:41 EDT
RBC Capital analyst Daniel Perlin raised the firm's price target on Square to $85 from $78 and keeps an Outperform rating on the shares. The analyst cites the company's "solid" Q4 print and guidance, with added prospects for "more good news" at its upcoming analyst day. Perlin notes that Square's CashApp revenues are growing "nicely" at 147% in Q4 excluding bitcoin, with that growth rate accelerating from 115% in Q3, and further points to the management's plans to reinvest any of the company's margin upside.
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."