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SQ

Square

$61.96

-1.69 (-2.66%)

06:31
06/03/19
06/03
06:31
06/03/19
06:31

Cash App becoming key growth driver for Square, says Barclays

The Cash App is shaping up to be key driver of growth for Square, as monetization of the "rapidly-expanding" peer-to-peer service gains traction, Barclays analyst Ramsey El-Assal tells investors in a research note. The analyst believes Cash App will drive upside to Square revenue estimates over time as user engagement increases, and platform growth expands. He raised his fiscal 2019 through 2021 estimates after an analysis of the app and keeps an Overweight rating on Square with a $96 price target.

  • 18

    Jun

  • 01

    Aug

SQ Square
$61.96

-1.69 (-2.66%)

05/02/19
RHCO
05/02/19
NO CHANGE
Target $65
RHCO
Hold
Square price target lowered to $65 from $75 at SunTrust
SunTrust analyst Andrew Jeffrey lowered his price target on Square to $65 to reflect its below-consensus Q2 guidance, saying that while he is positive on the company's above-average organic revenue and EBITDA growth, a "significant deceleration" may be coming. The analyst cites "robust competition in new vertical markets" that will demand Square to boost its investment levels on a structural basis and also warns that margin growth may slow as the company goes after larger retailer customers. Jeffrey keeps his Hold rating on Square.
05/03/19
BMOC
05/03/19
NO CHANGE
Target $90
BMOC
Market Perform
Square price target lowered to $90 from $98 at BMO Capital
BMO Capital analyst James Fotheringham lowered his price target on Square (SQ) to $90 and kept his Market Perform rating, saying that while the company's Q1 results topped consensus thanks to higher Subscription and Services revenue, its gross payment volume was lower than expected and marks a more critical "indicator of sustainable growth." The analyst sees better investment opportunities among his covered financial technology stocks in companies like Visa (V) and Global Payments (GPN).
05/13/19
DBAB
05/13/19
NO CHANGE
DBAB
Buy
Square organic growth could sustain 40%-plus, says Deutsche Bank
Much of the recent pressure in shares of Square has been due to worries surrounding its decelerating organic sales growth, Deutsche Bank analyst Bryan Keane tells investors in a research note. However, as the analyst breaks out the key Subscription & Services-based revenue components and adds in the potential Eventbrite deal to his new upside scenario model, he believes Square's organic growth could actually stabilize in the second half of 2019 and potentially accelerate again in Q4. In his upside case, Keane thinks Square has the ability to deliver stable low 40% organic rates of revenue growth in the second half of 2019 and 2020. The traction of the Cash App is being underappreciated, says the analyst, who keeps a Buy rating on Square shares.
05/28/19
GUGG
05/28/19
NO CHANGE
Target $94
GUGG
Buy
Square to start 'rapidly' compounding adjusted EBITDA, says Guggenheim
Guggenheim analyst Jeff Cantwell said he sees Square shares as undervalued at current levels, contending that the company is entering a period when he expects it to "rapidly" compound adjusted EBITDA, given emerging tailwinds in international markets, its expanding hardware lineup, the emergence of the Cash App and Cash Card as a key revenue contributor and continued expansion in the company's products and services. He believes the market often tends to be hyper-focused on near-term trends for Square and undervalues the company's long-term financial profile, said Cantwell, who forecasts that the company can generate $3B in adjusted EBITDA and $4 in adjusted EPS in 2024. Cantwell has a Buy rating and $94 price target on Square.

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UPS

UPS

$118.56

1.23 (1.05%)

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IPG

Interpublic Group

$20.79

0.14 (0.68%)

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Interpublic Group 'on track' to deliver high end of 2%-3% organic growth in 2019 »

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AAPL

Apple

$240.49

4.2 (1.78%)

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PG

Procter & Gamble

$119.04

1.55 (1.32%)

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PG

Procter & Gamble

$119.04

1.55 (1.32%)

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  • 22

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VCYT

Veracyte

$26.18

1.52 (6.16%)

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PRVB

Provention Bio

$6.09

-0.48 (-7.31%)

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Provention Bio announces results from Phase 2a PRINCE clinical trial »

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PLAN

Anaplan

$44.35

0.34 (0.77%)

07:09
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Upgrade
Anaplan rating change  »

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IPG

Interpublic Group

$20.79

0.14 (0.68%)

07:08
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Earnings
Interpublic Group reports Q3 adjusted EPS 49c, consensus 47c »

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  • 22

    Oct

CSIQ

Canadian Solar

$18.51

0.39 (2.15%)

07:07
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07:07
Hot Stocks
Canadian Solar awarded 30 MWp project in Japan »

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  • 04

    Dec

BBY

Best Buy

$71.51

0.89 (1.26%)

07:06
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Best Buy announces free next-day shipping for holiday season »

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  • 26

    Nov

SGEN

Seattle Genetics

$100.86

13.44 (15.37%)

07:06
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  • 29

    Oct

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    Dec

AER

AerCap

$56.60

0.65 (1.16%)

, BA

Boeing

$331.12

-12.97 (-3.77%)

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AerCap delivers new Boeing 787-9 Dreamliner to Air New Zealand »

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AER

AerCap

$56.60

0.65 (1.16%)

BA

Boeing

$331.12

-12.97 (-3.77%)

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  • 23

    Oct

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JBLU

JetBlue

$17.54

0.59 (3.48%)

07:06
10/22/19
10/22
07:06
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07:06
Earnings
JetBlue backs FY20 EPS view of $2.50-$3.00, consensus $2.36 »

"We are gaining…

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  • 22

    Oct

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    Nov

SHW

Sherwin-Williams

$551.04

-9.93 (-1.77%)

07:05
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Earnings
SHW raised FY19 adjusted EPS view to $20.90-$21.30 from $20.40-$21.40 »

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  • 22

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RCKT

Rocket Pharmaceuticals

$13.63

0.35 (2.64%)

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  • 14

    Nov

GOOG

Alphabet

$1,246.23

-0.33 (-0.03%)

, GOOGL

Alphabet Class A

$1,244.23

-0.57 (-0.05%)

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$1,246.23

-0.33 (-0.03%)

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$1,244.23

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FB

Facebook

$189.82

3.865 (2.08%)

TWTR

Twitter

$40.09

1.11 (2.85%)

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UPS

UPS

$118.56

1.23 (1.05%)

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  • 22

    Oct

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07:05
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General news
FX Update: The dollar managed to lift against most currencies »

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AVRO

Avrobio

$14.18

0.38 (2.75%)

07:04
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Avrobio appoints Holly May as Chief Commercial Officer »

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ABG

Asbury Automotive

$106.00

2.63 (2.54%)

07:04
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  • 22

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  • 05

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JBLU

JetBlue

$17.54

0.59 (3.48%)

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  • 22

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UPS

UPS

$118.56

1.23 (1.05%)

07:03
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Earnings
Breaking Earnings news story on UPS »

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  • 22

    Oct

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    Oct

JBLU

JetBlue

$17.54

0.59 (3.48%)

07:03
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Earnings
JetBlue reports Q3 adjusted EPS 59c, consensus 52c »

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  • 22

    Oct

  • 10

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UTX

United Technologies

$138.24

1.39 (1.02%)

07:03
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Earnings
United Technologies raises FY19 adj. EPS view to $8.05-8.15 from $7.90-$8.05 »

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  • 22

    Oct

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