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SQ

Square

$74.28

0.01 (0.01%)

08:24
07/08/19
07/08
08:24
07/08/19
08:24

Square initiated with a Buy at Argus

Argus analyst Stephen Biggar initiated Square with a Buy rating and a price target of $94, citing the company's "record of technological innovation, strong brand recognition, and an expanding international presence." The analyst believes that Square can sustain its revenue growth from increased consumer spending, growing merchant acceptance of its services, rising number of mobile devices using payment apps, and an increase in the average number of transactions per account. Biggar adds that while his price target on Square is modeled on a multiple of 82-times his expected FY20 earnings, the high multiple is warranted by his expected average earnings growth for the company of 56% over the next two years.

  • 01

    Aug

SQ Square
$74.28

0.01 (0.01%)

06/07/19
JPMS
06/07/19
NO CHANGE
Target $86
JPMS
Overweight
Square Card could be Square's next big sales driver, says JPMorgan
Shares of Square have languished recently as investors search for the next big revenue generator, JPMorgan analyst Tien-tsin Huang tells investors in a research note. The analyst believes Square Card "could be an answer." Square's business debit card issued to sellers that provides immediate access to their Square balance is "more lucrative and higher quality than Instant Deposit," Huang contends. He thinks Square Card adoption could grow faster, cannibalizing some business Instant Deposit volume, while generating higher revenue yields. The analyst sees Square Card exiting 2020 at a $10B and $240M annualized purchase volume and revenue rate, respectively. Huang likes Square shares at current levels and keeps an Overweight rating on the name with an $86 price target.
06/07/19
TIGR
06/07/19
NO CHANGE
TIGR
Buy
Square performance trends accelerating with higher GPVs, says Tigress Financial
Tigress Financial analyst Ivan Feinseth kept his Buy rating on Square, saying the company is increasing its gross payment volumes and deepening its seller relationships to expand its customer service base. The analyst further notes that the company's "key differentiator" will be its new "Square Card" product, adding that its "increasing adoption of Cash App for Bitcoin" also represents a growth opportunity. Feinseth further contends that Square's ability to grow its ecosystem will continue to drive its growing return on capital and increasing economic profit.
06/13/19
NOMU
06/13/19
NO CHANGE
Target $90
NOMU
Buy
Square's Cash App downloads accelerated in May, says Nomura Instinet
Nomura Instinet analyst Dan Dolev says his proprietary Cash App versus Venmo tracker points to an improvement in Cash App downloads in May. Square's (SQ) Cash App downloads grew by 2.2M in May, with growth accelerating from 2.0M in April, Dolev tells investors in a research note. For PayPal's (PYPL) Venmo, 1.7M downloads in May was similar to April, adds the analyst. He says that after falling below average for two months, Cash App returned to its average of 400,000-500,000 more downloads than Venmo in May. The "upbeat" May download data bodes well for Square, contends Dolev, who reiterates a Buy rating on the shares with a $90 price target.
06/28/19
NOMU
06/28/19
NO CHANGE
Target $100
NOMU
Buy
Square price target raised to $100 from $90 at Nomura Instinet
Nomura Instinet analyst Dan Dolev raised his price target for Square to $100 from $90 following a survey of 260 Cash App users. The survey points to a potential boost in sales growth, helped by growing deposit frequency, a price inelastic user base, disruption of the prepaid card industry, and an "impressive" engagement across Cash App's "plethora of services," Dolev tells investors in a research note. He estimates improving engagement, continued share gains, and additional price increases could drive up to 20% upside to 2021 revenue growth estimates. The analyst points out that 50% of Cash App Instant Deposit respondents expect to increase their usage from the current 2.7 times monthly average. Dolev keeps a Buy rating on Square shares.

TODAY'S FREE FLY STORIES

BYND

Beyond Meat

$176.65

6.28 (3.69%)

07:40
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  • 29

    Jul

NFLX

Netflix

$315.10

-10.04 (-3.09%)

07:37
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Netflix's problems have only just begun, Barron's says »

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  • 03

    Aug

AMZN

Amazon.com

$1,964.78

-13.57 (-0.69%)

, TGT

Target

$88.02

-0.48 (-0.54%)

07:34
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Periodicals
Time to aim higher on Target's stock, Barron's says »

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AMZN

Amazon.com

$1,964.78

-13.57 (-0.69%)

TGT

Target

$88.02

-0.48 (-0.54%)

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AMZN

Amazon.com

$1,964.78

-13.57 (-0.69%)

, FDX

FedEx

$167.08

1.69 (1.02%)

07:31
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07/20
07:31
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07:31
Periodicals
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AMZN

Amazon.com

$1,964.78

-13.57 (-0.69%)

FDX

FedEx

$167.08

1.69 (1.02%)

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AMZN

Amazon.com

$1,964.78

-13.57 (-0.69%)

, MSFT

Microsoft

$136.62

0.33 (0.24%)

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AMZN

Amazon.com

$1,964.78

-13.57 (-0.69%)

MSFT

Microsoft

$136.62

0.33 (0.24%)

ORCL

Oracle

$57.55

-0.58 (-1.00%)

AZN

AstraZeneca

$40.11

-0.61 (-1.50%)

BMY

Bristol-Myers

$43.32

-0.72 (-1.63%)

LLY

Eli Lilly

$106.75

-1.57 (-1.45%)

GSK

GlaxoSmithKline

$40.97

-0.44 (-1.06%)

JNJ

Johnson & Johnson

$130.41

-1.62 (-1.23%)

MRK

Merck

$81.39

-1.28 (-1.55%)

NVS

Novartis

$93.58

-0.715 (-0.76%)

PFE

Pfizer

$42.78

-0.28 (-0.65%)

RHHBY

Roche

$0.00

(0.00%)

SNY

Sanofi

$41.94

-0.01 (-0.02%)

03/08/13
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    Nov

BHVN

Biohaven Pharmaceutical

$44.16

-0.61 (-1.36%)

18:12
07/19/19
07/19
18:12
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18:12
Hot Stocks
Biohaven receives CRL from FDA for application seeking NURTEC approval »

Biohaven Pharmaceutical…

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  • 09

    Sep

CE

Celanese

$107.01

0.9 (0.85%)

18:01
07/19/19
07/19
18:01
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18:01
Hot Stocks
Celanese announces acetyl intermediates price increases »

Celanese Corporation…

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  • 23

    Jul

F

Ford

$10.20

-0.06 (-0.58%)

17:48
07/19/19
07/19
17:48
07/19/19
17:48
Periodicals
Ford plans to lay off 185 employees at Ontario plant, Reuters reports »

A union local said that…

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  • 24

    Jul

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    Oct

RTN

Raytheon

$178.55

2.45 (1.39%)

17:48
07/19/19
07/19
17:48
07/19/19
17:48
Hot Stocks
Raytheon awarded $191.01M Air Force contract modification »

Raytheon has been awarded…

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  • 25

    Jul

UTX

United Technologies

$132.37

1.08 (0.82%)

17:44
07/19/19
07/19
17:44
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17:44
Hot Stocks
United Technologies awarded $253.71M Air Force contract »

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  • 23

    Jul

LMT

Lockheed Martin

$356.90

0.675 (0.19%)

17:40
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07/19
17:40
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Lockheed Martin awarded $1.47B Missile Defense Agency contract modification »

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  • 23

    Jul

ARES

Ares Management

$28.13

-0.305 (-1.07%)

17:33
07/19/19
07/19
17:33
07/19/19
17:33
Syndicate
Breaking Syndicate news story on Ares Management »

Ares Management files…

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  • 31

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    Aug

HAFC

Hanmi Financial

$21.68

-0.105 (-0.48%)

17:33
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Hanmi Financial to delay release of Q2 results »

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  • 23

    Jul

PAYS

Paysign

$17.49

-0.48 (-2.67%)

17:32
07/19/19
07/19
17:32
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17:32
Syndicate
Breaking Syndicate news story on Paysign »

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MEOH

Methanex

$43.19

0.83 (1.96%)

17:28
07/19/19
07/19
17:28
07/19/19
17:28
Hot Stocks
Methanex reaches final investment decision on methanol plant in Geismar, LA »

Methanex Corporation…

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  • 01

    Aug

17:17
07/19/19
07/19
17:17
07/19/19
17:17
Conference/Events
Credit Suisse biotech analysts to hold an analyst/industry conference call »

Biotech Analysts provide…

17:14
07/19/19
07/19
17:14
07/19/19
17:14
Conference/Events
UBS retail/hardlines analyst to hold an analyst/industry conference call »

Retail/Hardlines Analyst…

SHIP

Seanergy Marine

$0.64

-0.0425 (-6.25%)

17:05
07/19/19
07/19
17:05
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17:05
Hot Stocks
Seanergy Maritime receives noncompliance notice from Nasdaq »

Seanergy Maritime…

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SONM

Sonim

$13.42

0.24 (1.82%)

16:41
07/19/19
07/19
16:41
07/19/19
16:41
Conference/Events
Sonim management to meet with Oppenheimer »

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  • 24

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KINS

Kingstone Companies

$8.81

0.09 (1.03%)

16:30
07/19/19
07/19
16:30
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16:30
Hot Stocks
Kingstone names Barry Goldstein CEO »

Kingstone Companies…

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  • 07

    Aug

  • 09

    Aug

16:30
07/19/19
07/19
16:30
07/19/19
16:30
Options
Preliminary option volume of 22.6M today »

Preliminary option volume…

BA

Boeing

$377.34

16.17 (4.48%)

, MSFT

Microsoft

$136.62

0.33 (0.24%)

16:24
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07/19
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16:24
On The Fly
Fly Intel: Wall Street's top stories for Friday »

Stocks were tentatively…

BA

Boeing

$377.34

16.17 (4.48%)

MSFT

Microsoft

$136.62

0.33 (0.24%)

AMZN

Amazon.com

$1,964.78

-13.57 (-0.69%)

AAPL

Apple

$202.62

-3.02 (-1.47%)

WMT

Walmart

$113.91

-0.77 (-0.67%)

DIS

Disney

$139.86

-1.76 (-1.24%)

GCI

Gannett

$9.43

1.53 (19.37%)

CRWD

Crowdstrike

$83.50

10.75 (14.78%)

SKX

Skechers

$39.00

4.25 (12.23%)

PACB

Pacific Biosciences

$5.34

-0.53 (-9.03%)

ILMN

Illumina

$293.10

-5.44 (-1.82%)

CHWY

Chewy

$30.70

-2.09 (-6.37%)

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
07/19/19
07/19
16:20
07/19/19
16:20
Options
Closing CBOE SPX and VIX Index summary for July 19th »

The CBOE Volatility Index…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
07/19/19
07/19
16:17
07/19/19
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

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BCBP

BCB Bancorp

$12.71

-0.09 (-0.70%)

16:17
07/19/19
07/19
16:17
07/19/19
16:17
Earnings
BCB Bancorp reports Q2 EPS 30c, consensus 30c »

Net interest margin was…

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