Another PT upgrade for SQ yesterday:
Following a fireside chat with Square (NYSE:SQ) CFO Sarah Friar, Deutsche’s Bryan Keane lifts his price target to $98 from $78. Square shot through $78 some time ago, so the new price target suggests less than 10% upside.
Keane takes note of five straight quarters of accelerating revenue growth, and expects the company to continue to deliver to the upside on this metric.
The current price is already in striking distance of this analyst’s new PT.