KeyBanc’s analyst, Josh Beck boosted his target on Square Inc. to $250 from $215,over a 15 percent increase. The analyst maintained his rating of Overweight on the company’s equity. The target hike is based on a recent survey showing that over 50 percent of Cash App users are using the Cash Card which ascertains a contribution to revenue going forward. The result is a consequence of the increased conversion to online shopping amid the current environment.
STA Research has a average target of $169 on the stock, and a consensus Strong Buy rating. The technical indicator is slightly bullish.
