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SQ

Square

$69.85

-1.96 (-2.73%)

16:20
11/14/18
11/14
16:20
11/14/18
16:20

Square initiated with an Overweight at Barclays

Barclays analyst Ramsey El-Assal initiated Square with an Overweight and $96 price target.

  • 26

    Nov

  • 12

    Dec

  • 18

    Dec

SQ Square
$69.85

-1.96 (-2.73%)

11/08/18
SUSQ
11/08/18
DOWNGRADE
Target $77
SUSQ
Neutral
Square downgraded to Neutral on valuation, CFO vacancy at Susquehanna
As reported previously, Susquehanna analyst James Friedman downgraded Square (SQ) to Neutral from Positive. The analyst cited valuation and the lack of a CFO at the company. While he sees Square taking about ten billion of cumulative revenue share from incumbent merchant acquirers, ISOs and ISVs, he would await a better re-entry point pending management visibility, Friedman tells investors. In the meantime, Friedman suggests investors look at First Data (FDC) instead, stating that Clover is generally performing as well as Square's payments products while the stock's discount to Square "seems compelling." Friedman maintained his $77 price target on Square shares.
11/08/18
CHLM
11/08/18
NO CHANGE
Target $55
CHLM
Sell
Square price target raised to $55 from $37 at Craig-Hallum
Craig-Hallum analyst Bradley Berning raised his price target for Square to $55 from $37 following quarterly results. Nonetheless, the analyst reiterates a Sell rating on the shares and argues that investors should use 2018 strength as an exit point ahead of second derivative impact on organic revenue growth decelerating in Q4 of 2018/1H19 due to a combination of tougher comps and increasing competition.
11/08/18
RHCO
11/08/18
NO CHANGE
Target $84
RHCO
Hold
Square price target raised to $84 from $74 at SunTrust
SunTrust analyst Andrew Jeffrey raised his price target on Square to $84 after its Q3 earnings beat while also raising his FY18 EPS view by 9c to 51c. The analyst notes that the company's "ecosystem value proposition is increasingly resonating with a broad swath of small-to-medium business and consumers" as demonstrated by another quarter of accelerating revenue growth. Jeffrey keeps his Hold rating on Square however, stating that its valuation already discounts much of the forecasted growth.
11/08/18
11/08/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Square (SQ) downgraded to Neutral from Positive at Susquehanna analyst James Friedman citing valuation and the lack of a CFO at the company. 2. Landstar System (LSTR) downgraded to Neutral from Buy at Goldman Sachs and to Sector Weight from Overweight at KeyBanc. 3. Dean Foods (DF) downgraded to Hold from Buy at Jefferies with analyst Akshay Jagdale saying he believes the company's cost savings opportunity is significant enough to more than offset secular headwinds. 4. Ctrip (CTRP) downgraded to Neutral from Outperform at Credit Suisse, to Neutral from Buy at Citi, to Underperform from Outperform at CLSA, and to Hold from Buy at China Renaissance. 5. CDK Global (CDK) downgraded to Market Perform from Outperform at Wells Fargo with analyst Timothy Willi saying he believes that CDK faces a variety of headwinds during FY19 that will likely limit upside in the shares despite the discounted valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

OIH

Oil Services Holders Trust

$11.64

0.04 (0.34%)

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JMIA

Jumia Technologies

$12.54

-2.15 (-14.64%)

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$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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WYND

Wyndham Destinations

$42.79

0.21 (0.49%)

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  • 29

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SPY

SPDR S&P 500 ETF Trust

$292.47

2.44 (0.84%)

, SPX

S&P 500

$0.00

(0.00%)

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Fed minutes show 'couple of participants' would have preferred 50 bps rate cut »

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SPY

SPDR S&P 500 ETF Trust

$292.47

2.44 (0.84%)

SPX

S&P 500

$0.00

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VLKAY

Symbol is now VWAGY

$0.00

(0.00%)

, POAHY

Porsche

$0.00

(0.00%)

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VLKAY

Symbol is now VWAGY

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POAHY

Porsche

$0.00

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SPY

SPDR S&P 500 ETF Trust

$292.42

2.39 (0.82%)

, SPX

S&P 500

$0.00

(0.00%)

14:02
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General news
Fed minutes show July rate cut viewed by 'most' on FOMC as 'recalibration' »

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SPY

SPDR S&P 500 ETF Trust

$292.42

2.39 (0.82%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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PFE

Pfizer

$35.06

0.44 (1.27%)

14:01
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  • 28

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TGT

Target

$102.13

16.555 (19.35%)

13:52
08/21/19
08/21
13:52
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13:52
Recommendations
Target analyst commentary at Baird »

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  • 21

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JMIA

Jumia Technologies

$12.43

-2.26 (-15.38%)

13:47
08/21/19
08/21
13:47
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13:47
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  • 21

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13:45
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General news
Breaking General news story  »

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AFL

Aflac

$49.66

-2.2 (-4.24%)

13:38
08/21/19
08/21
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13:38
Periodicals
Aflac reiterates review being done of Post channel sales, Bloomberg says »

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AMZN

Amazon.com

$1,823.96

21.88 (1.21%)

, WMT

Walmart

$112.15

0.03 (0.03%)

13:37
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13:37
Periodicals
Amazon opens 'largest campus yet' in south Indian city, Bloomberg says »

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AMZN

Amazon.com

$1,823.96

21.88 (1.21%)

WMT

Walmart

$112.15

0.03 (0.03%)

03/08/13
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CBL

CBL & Associates

$0.86

0.022 (2.62%)

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13:25
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Conference/Events
The Food & Drug Law Institute to hold a webinar »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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GOOG

Alphabet

$1,195.07

11.64 (0.98%)

, GOOGL

Alphabet Class A

$1,196.08

11.82 (1.00%)

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GOOG

Alphabet

$1,195.07

11.64 (0.98%)

GOOGL

Alphabet Class A

$1,196.08

11.82 (1.00%)

03/08/13
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  • 24

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
08/21/19
08/21
13:16
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13:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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BHC

Bausch Health

$22.31

1.05 (4.94%)

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  • 09

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FB

Facebook

$185.03

1.27 (0.69%)

, TWTR

Twitter

$42.65

0.355 (0.84%)

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FB

Facebook

$185.03

1.27 (0.69%)

TWTR

Twitter

$42.65

0.355 (0.84%)

PINS

Pinterest

$36.40

2.05 (5.97%)

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  • 21

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ALXN

Alexion

$113.91

2.49 (2.23%)

13:05
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Alexion call volume above normal and directionally bullish »

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