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SQ

Square

$94.11

-0.38 (-0.40%)

, PYPL

PayPal

$83.16

-1.18 (-1.40%)

08:05
10/08/18
10/08
08:05
10/08/18
08:05

Square price target raised to $108 from $77 at Goldman Sachs

Goldman Sachs analyst James Schneider increased his price target on Square (SQ) to $108 from $77 after raising his 2018-20 revenue estimates given he now sees more upside than in his prior estimates across a range of Square's business lines. He also raised his multiple on the stock, telling investors that Square is one of the only companies sustaining over 50% revenue growth while simultaneously delivering substantial margin expansion. Schneider, who model about 2.5X faster growth than PayPal (PYPL) and about 5X faster growth than merchant acquirers for Square through 2020, reiterates Buy rating on the Square shares.

SQ

Square

$94.11

-0.38 (-0.40%)

PYPL

PayPal

$83.16

-1.18 (-1.40%)

  • 13

    Nov

  • 26

    Nov

SQ Square
$94.11

-0.38 (-0.40%)

09/26/18
BMOC
09/26/18
INITIATION
Target $96
BMOC
Market Perform
Square initiated with Market Perform at BMO Capital
As reported earlier, BMO Capital analyst James Fotheringham initiated Square with a Market Perform rating and a price target of $96. The analyst says he "admires" the company's "culture of innovation" and expects its new product development and product awareness through cross-selling to drive revenue growth. Fotheringham does worry about Square's "valuation sustainability", stating that its shares are priced "way above the rolling two-year-forward core P/E multiple".
09/28/18
WBLR
09/28/18
NO CHANGE
WBLR
Outperform
William Blair 'incrementally more positive' on Square after meetings
After hosting investor meetings with CFO Sarah Friar and head of investor relations Jason Lee, William Blair analyst Robert Napoli says he's "incrementally more positive" about Square's growth opportunities. Square has "radically evolved" its business from a payment dongle offered to micro merchants to accept payments, to a broad ecosystem/platform that offers an array of products and services for both merchants and now consumers, Napoli tells investors in a research note. He believes the company's total addressable market is large and expanding and keeps an Outperform rating on the shares.
10/02/18
KEYB
10/02/18
NO CHANGE
Target $115
KEYB
Overweight
Square price target raised to $115 from $75 at KeyBanc
KeyBanc analyst Josh Beck raised his price target for Square to $115 from $75, while reiterating an Overweight rating on the stock. The analyst polled 20 Square sellers to gauge value-added product adoption and advanced point-of-sale software. He notes that the biggest standout was the fact the sellers now expect to adopt 3.4 value products on average over the next 12 months, which is a 105%-plus increase from current levels and a notable up-tick from his survey last year. The initial feedback on advanced point-of-sale software was positive, an encouraging signal for product adoption, he adds.
10/08/18
BTIG
10/08/18
NO CHANGE
Target $30
BTIG
Sell
Square growth depends on extension of credit to customers, says BTIG
BTIG analyst Mark Palmer kept his Sell rating and $30 price target on Square, saying the company's continued growth is predicated on the extension of credit to its customers. The analyst adds that this dependence has made Square "increasingly vulnerable" to the volatility in the credit markets and believes that investors are overlooking the company's credit risk. Palmer further notes that Square's latest announcement allowing a new, point-of-sale lending service provided by Square Capital that allows loan repayment for periods up to 12 months only increases that vulnerability.
PYPL PayPal
$83.16

-1.18 (-1.40%)

09/11/18
KEYB
09/11/18
NO CHANGE
Target $105
KEYB
Overweight
PayPal price target raised to $105 from $100 at KeyBanc
KeyBanc analyst Josh Beck raised his price target for PayPal to $105 from $100, while reiterating an Overweight rating on the shares. The analyst believes the Venmo debit card could prove to be a meaningful product launch as it opens up the offline opportunity, offers a clear monetization vehicle for P2P consumers; and could evolve into a "FinApp" with broader financial service capabilities.
09/13/18
RAJA
09/13/18
INITIATION
Target $108
RAJA
Outperform
PayPal resumed with an Outperform at Raymond James
Raymond James resumed coverage on PayPal with an Outperform and $108 price target.
09/26/18
BMOC
09/26/18
INITIATION
Target $112
BMOC
Outperform
PayPal initiated with an Outperform at BMO Capital
Target $112.
09/26/18
BMOC
09/26/18
INITIATION
Target $112
BMOC
Outperform
PayPal initiated with an Outperform at BMO Capital
As reported earlier, BMO Capital analyst James Fotheringham initiated PayPal with an Outperform rating and a price target of $112. The analyst says the company's "business model is best-in-class" relative to revenue growth surprise potential thanks to its potential M&A activity, exposure to fast-growing international markets, and "deep penetration of e-commerce payment flows". Fotheringham adds that PayPal's premium valuation is justified by its higher expected revenue growth, forecasting an annualized top-line rate of growth at 18% per year. The analyst further states that PayPal has the most balance sheet flexibility to drive inorganic growth among companies in his coverage universe.

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TEVA

Teva

$18.46

-0.56 (-2.94%)

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PVG

Pretium Resources

$7.43

(0.00%)

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Pretium Resources: Brucejack approved for production hike to 3,800 tonnes/day »

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FCAU

Fiat Chrysler

$15.47

-0.2 (-1.28%)

17:52
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Periodicals
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SNOA

Sonoma Pharmaceuticals

$0.75

-0.0342 (-4.36%)

, CCNI

Command Center

$4.00

-0.075 (-1.84%)

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SNOA

Sonoma Pharmaceuticals

$0.75

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CCNI

Command Center

$4.00

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XLE

Energy Select Sector SPDR

$62.09

-1.47 (-2.31%)

, XLU

Utilities SPDR

$56.81

-0.13 (-0.23%)

17:38
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17:38
General news
Week ending ETF scorecard: Energy, Financials lead the decline »

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XLE

Energy Select Sector SPDR

$62.09

-1.47 (-2.31%)

XLU

Utilities SPDR

$56.81

-0.13 (-0.23%)

IYR

DJ US Real Estate Index Fund

$80.37

-0.14 (-0.17%)

XLP

Consumer Staples Sector SPDR

$54.51

-0.97 (-1.75%)

XLY

Consumer Discretionary Sector SPDR

$102.33

-1.75 (-1.68%)

XLB

S&P Select Materials SPDR

$51.37

-0.37 (-0.72%)

XLF

Financial Select Sector

$24.25

-0.24 (-0.98%)

XLV

Health Care Select Sector SPDR

$88.99

-3.05 (-3.31%)

XLK

Technology Select Sector SPDR

$64.58

-1.6 (-2.42%)

XLI

Industrial Select Sector SPDR

$67.06

-0.95 (-1.40%)

GLD

SPDR Gold Shares

$117.10

-0.44 (-0.37%)

SLV

iShares Silver Trust

$13.69

-0.175 (-1.26%)

USO

United States Oil Fund

$10.83

-0.38 (-3.39%)

UNG

United States Natural Gas Fund

$30.78

-2.64 (-7.90%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$83.17

-0.365 (-0.44%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$112.72

-0.125 (-0.11%)

TLT

iShares 20+ Year Treasury Bond Fund

$118.47

0.38 (0.32%)

IEF

iShares 7-10 Year Treasury Bond ETF

$102.57

0.19 (0.19%)

SHY

iShares 1-3 Year Treasury Bond

$83.31

0.055 (0.07%)

IWD

iShares Russell 1000 Value

$116.15

-1.71 (-1.45%)

IWF

iShares Russell 1000 Growth

$135.70

-2.96 (-2.13%)

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EEI

Ecology & Environment

$11.50

0.2 (1.77%)

17:35
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Hot Stocks
Ecology & Environment receives Nasdaq noncompliance notice »

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LBC

Luther Burbank

$8.96

-0.045 (-0.50%)

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Luther Burbank announces systematic share repurchase plan »

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MYND

MYnd Analytics

$1.33

0.01 (0.76%)

17:31
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Syndicate
Breaking Syndicate news story on MYnd Analytics »

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RLGT

Radiant Logistics

$4.76

-0.06 (-1.24%)

17:29
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Syndicate
Breaking Syndicate news story on Radiant Logistics »

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KALV

KalVista

$22.62

-1.39 (-5.79%)

17:29
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Syndicate
Breaking Syndicate news story on KalVista »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$260.61

-4.8 (-1.81%)

17:25
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POTUS names Mick Mulvaney acting WH chief of staff »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$260.61

-4.8 (-1.81%)

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RTN

Raytheon

$169.87

-2.585 (-1.50%)

17:20
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Raytheon awarded $149.44M Navy contract for Standard Missile-2 Block IIIC »

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EOG

EOG Resources

$100.08

-2.73 (-2.66%)

17:15
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Breaking Syndicate news story on EOG Resources »

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FNCB

First National Community Bancorp, Inc.

$9.35

0.04 (0.43%)

17:14
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First National Community Bancorp names R. Gregory Collins as new EVP »

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TXT

Textron

$49.49

-0.48 (-0.96%)

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Textron awarded $314.29M Navy contract modification for LLTM procurement »

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FLDM

Fluidigm

$7.79

-0.39 (-4.77%)

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Breaking Hot Stocks news story on Fluidigm »

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  • 12

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WTFC

Wintrust Financial

$67.41

-0.88 (-1.29%)

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Hot Stocks
Wintrust Financial acquires Elektra Holding in roughly $51.9M deal »

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AMC

AMC Entertainment

$14.51

-0.35 (-2.36%)

17:04
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Syndicate
Breaking Syndicate news story on AMC Entertainment »

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EFX

Equifax

$97.19

0.07 (0.07%)

17:03
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Equifax Canada acquires JLR Inc. »

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  • 17

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DFS

Discover

$61.83

-1.41 (-2.23%)

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Discover executive chairman Nelms to step down effective December 31 »

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AUTO

AutoWeb

$2.34

-0.01 (-0.43%)

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Hot Stocks
Daniel M. Negari reports 7.1% stake in AutoWeb »

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CNI

Canadian National

$77.33

-1.39 (-1.77%)

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Canadian National, Unifor Local 100 reach tentative agreement »

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CSCO

Cisco

$45.80

-1.66 (-3.50%)

16:44
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Recommendations
Cisco analyst commentary at Tigress Financial »

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TEL

TE Connectivity

$73.01

-0.59 (-0.80%)

16:44
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TE Connectivity raises quarterly dividend to 46c from 44c per share »

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TEL

TE Connectivity

$73.01

-0.59 (-0.80%)

16:42
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TE Connectivity board approves $1.5B share repurchase authorization »

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