Square Stock: Next Stop, $81?

newsfeedback@fool.com (Rick Munarriz), The Motley Fool
Thu, 07/19/2018 - 8:17am

Another Wall Street pro is sprinting to catch up to Square's (NYSE: SQ) sizzling stock. Paul Condra at Credit Suisse is upgrading shares of the mobile payments specialist, lifting his rating from neutral to outperform. He sees Square's business gaining in popularity with both merchants and consumers, as the platform is starting to appeal to larger merchants while migration trends to Square's Cash App continue to be rosy. Condra is dramatically jacking up his price target, raising his goal from $44 to $81.

Topics: wall street nyse sq paul condra credit suisse cash app jacking square merchants treadmill target upgrading price

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Square Stock: Next Stop, $81?

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