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Square (NYSE:SQ) target price raised to $35.00, reported today by Oppenheimer

Square (NYSE:SQ) had its price target upped to $35.00 by Oppenheimer in an issued report announced Thursday October 12, 2017. The updated stock price target implies a possible upside of 0.09% based on the company's last stock close price.

Previously on 10/03/2017, KeyBanc reported about Square (NYSE:SQ) raised the target price from $29.00 to $32.00. At the time, this indicated a possible upside of 0.09%.

Yesterday Square (NYSE:SQ) traded 2.17% higher at $32.00. The company’s 50-day moving average is $27.91 and its 200-day moving average is $23.62. The last stock close price is up 35.49% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 600 shares of the stock were exchanged, down from an average trading volume of 6,999,310

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Square (NYSE:SQ)

Square has a 52 week low of $10.88 and a 52 week high of $32.00 The company’s market cap is currently $0.

In addition to Oppenheimer reporting its target price, a total of 17 firms have reported on the stock. The consensus target price is $12.53 with 5 firms rating the stock a strong buy, 5 firms rating the stock a buy, 9 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.

About Square (NYSE:SQ)

Square, Inc. (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment. With its offering, a seller can accept payments in person via magnetic stripe (a swipe), Europay, MasterCard, and Visa (EMV) (a dip), or Near Field Communication (NFC) (a tap); or online via Square Invoices, Square Virtual Terminal, or the seller's Website. Once on its system, sellers gain access to technology and features, such as reporting and analytics, next-day settlements, digital receipts, payment dispute management and chargeback protection, and Payment Card Industry (PCI) compliance. On the consumer (buyer) side, Square Cash offers individuals access to a way to send and receive money.

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