Square Cash may be worth $20 per share, analyst says [MarketWatch]
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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Source: MarketWatch
Square Cash may be worth $20 per share, analyst says Square Inc.'s SQ, -0.74% peer-to-peer money-transfer app Square Cash could be worth $20 per share, according to an analysis from KeyBanc Capital Markets analyst Josh Beck. "We see the potential for $50 billion-plus of payment volume and $450 million of revenue out through 2022 that could create $20 per share of value," Beck wrote of Square Cash. His firm's data suggest " accelerating triple-digit growth for Square Cash" since the end of last year. KeyBanc's Beck has an overweight rating on Square's stock, and he raised his price target Tuesday to $70 from $55. The stock recently changed hands near $66 and is down 1.4% in premarket trading. Square shares gained 2.7% in Monday's session after the company said that it received a license to allow bitcoin BTCUSD, +0.87% trading on the Cash app in New York, which had been one of the few states holding out. The stock is up 174% over the past 12 months, while the S&P 500 SPX, -0.74%
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SQ
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- 2/22/24 - Beat
SQ
Sec Filings
- 4/15/24 - Form 8-K
- 4/4/24 - Form 4
- 4/4/24 - Form 4
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