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SQ

Square

$41.25

0.11 (0.27%)

12:45
01/08/18
01/08
12:45
01/08/18
12:45

Square call volume above normal and directionally bullish

Bullish option flow detected in Square with 44,061 calls trading, 2x expected, and implied vol increasing over 4 points to 48.26%. Jan-18 40 calls and Jan-18 43 calls are the most active options, with total volume in those strikes near 7,000 contracts. The Put/Call Ratio is 0.26.

  • 10

    Jan

SQ Square
$41.25

0.11 (0.27%)

12/13/17
RHCO
12/13/17
NO CHANGE
Target $23
RHCO
Buy
Verifone multiple expansion supported by improving cash flows, says SunTrust
SunTrust analyst Andrew Jeffrey kept his Buy rating and a $23 price targat on Verifone (PAY) after its in-line Q4 results and "messy" FY18 guidance. Jeffrey says the company's offerings remain "relevant" across its merchant base despite the competition from Square (SQ), forecasting low-single digit organic revenue growth and better margins going forward. The analyst attributes the FY18 guidance miss to the Street not having adjusted its consensus view following the company's divestitures.
12/19/17
MSCO
12/19/17
NO CHANGE
Target $40
MSCO
Equal Weight
Square price target raised to $40 from $26 at Morgan Stanley
Morgan Stanley analyst James Faucette noted that the firm's survey work has found high satisfaction with Square, though also a low propensity for small-and-medium businesses to switch from existing providers to Square. While Square's premium valuation assumes its strong momentum is sustainable, strong growth assumptions are achievable, he tells investors. However, multiple downside risks - including credit market volatility, a change in the pricing environment and trouble repeating its U.S. success internationally - could "catch the market offguard," Faucette tells investors. After changing his valuation methods, he raised his price target on Square to $40 from $26, though he keeps a Hold rating on the stock.
01/04/18
BUCK
01/04/18
INITIATION
Target $42
BUCK
Buy
Square initiated with a Buy at Buckingham
Buckingham analyst Chris Brendler initiated Square with a Buy and $42 price target saying it unique tech disruptor that is in the early stages of its global opportunity. Brendler said Square has a dominant SMB-focused payments franchise and high-margin software solutions scaling rapidly, which should continue to drive recent momentum.
01/04/18
01/04/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Square (SQ) initiated with a Buy at Buckingham. 2. Tyme Technologies (TYME) initiated with a Buy at Canaccord. 3. Visteon (VC) initiated with a Buy at Guggenheim. 4. Core-Mark (CORE) initiated with an Outperform at William Blair. 5. PJT Partners (PJT) initiated with a Neutral at Buckingham. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

TTM

Tata Motors

$22.39

-0.52 (-2.27%)

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JEF

Jefferies Financial Group

$23.47

-0.045 (-0.19%)

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08:03
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CEMI

Chembio Diagnostics

$8.70

-0.1 (-1.14%)

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  • 29

    May

FHB

First Hawaiian

$28.94

0.07 (0.24%)

08:03
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  • 24

    May

08:02
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Conference/Events
Jefferies to hold a conference »

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Morgan Stanley to hold a symposium »

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MYO

Myomo

$3.28

-0.02 (-0.61%)

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SKY

Skyline

$29.22

-0.56 (-1.88%)

08:01
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Skyline initiated  »

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BX

Blackstone

$31.79

-0.08 (-0.25%)

08:01
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Conference/Events
Detroit Economic Club to hold a luncheon »

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  • 24

    May

  • 30

    May

WHR

Whirlpool

$164.63

0.3 (0.18%)

08:01
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  • 05

    Jun

HFC

HollyFrontier

$73.67

0.75 (1.03%)

08:00
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JD

JD.com

$36.72

0.35 (0.96%)

08:00
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Options
JD.com call buyer realizes 1% same-day gains »

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UNP

Union Pacific

$144.26

1.36 (0.95%)

07:59
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  • 13

    Jun

NCR

NCR Corp.

$30.75

-0.4 (-1.28%)

07:58
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07:55
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MCRB

Seres Therapeutics

$8.12

0.16 (2.01%)

07:55
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Conference/Events
Seres Therapeutics to hold a research and development day »

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  • 24

    May

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OKTA

Okta

$49.49

0.99 (2.04%)

07:52
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07:52
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  • 24

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  • 12

    Jun

INTU

Intuit

$196.15

5.74 (3.01%)

07:51
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  • 12

    Jun

CIT

CIT Group

$55.27

-0.06 (-0.11%)

07:51
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EDU

New Oriental Education

$101.38

4.82 (4.99%)

07:50
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  • 10

    Sep

TAL

TAL Education

$43.74

1.11 (2.60%)

07:50
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Upgrade
TAL Education rating change  »

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07:48
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DRI

Darden

$85.72

-0.23 (-0.27%)

07:47
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  • 10

    Jul

PBR

Petrobras

$15.10

-0.6 (-3.82%)

07:46
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07:46
Downgrade
Petrobras rating change  »

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