Rosenblatt Securities Sticks to Their Hold Rating for Square Inc

Rosenblatt Securities analyst Kenneth Hill maintained a Hold rating on Square Inc (NYSE:SQ) on Wednesday, setting a price target of $67, which is approximately 5.20% above the present share price of $63.69.

Hill expects Square Inc to post earnings per share (EPS) of $0.91 for the second quarter of 2020.

The current consensus among 29 TipRanks analysts is for a Moderate Buy rating of shares in Square, with an average price target of $64.58.
The analysts price targets range from a high of $93 to a low of $39.

In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $1.31 billion and a net profit of $49.48 million. The company's market cap is $29.3 billion.

According to TipRanks.com, Rosenblatt Securities analyst Kenneth Hill is a 5-star analyst with an average return of 9.2% and a 63.4% success rate.

Square, Inc. engages in the provision of credit card payment processing solutions. It is a cohesive commerce ecosystem that helps sellers start, run, and grow their businesses. The firms sellers downloads the Square Point of Sale mobile app, they can quickly and easily take their first payment, typically within minutes. Its system, sellers gain access to features such as next-day settlements, digital receipts, payment dispute management, data security, and Payment Card Industry compliance. The firm offers additional point-of-sale services, financial services, and marketing services. The company was founded by Jack Dorsey and Jim McKelvey in February 2009 and is headquartered in San Francisco, CA.