SQ : another PT increase $85>$105


Buckingham Research analyst Chris Brendler raised his price target on shares of Square Inc. to $105 from $85 on Wednesday, following the stock’s 11% rise in Tuesday’s session. “Square shares continue to defy traditional valuation paradigms, but we see no reason why the company can’t continue its unprecedented momentum,” he wrote. He said that the company’s strong revenue growth over the past few quarters is in large part due to strength in the company’s software businesses. "With a broadening suite of higher-margin software/services that Square can leverage across its scaled (and still growing) small- and medium-sized business merchant base, we firmly believe Square’s recent top line acceleration is sustainable," Brendler wrote…

The PTs keep coming. The other day one analyst raise his PT to $125 and said SQ should be in included in FANG > FANGS.

SQ’s quarter ends this weekend and the next earnings release date will be on 11/7/18.