Square (SQ) volatility elevated into raising FY guidance

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Go back to Square (SQ) volatility elevated into raising FY guidance

Piper Jaffray Raises Price Target on Square (SQ) to $11.50 Following 2Q

August 4, 2016 8:46 AM EDT

Piper Jaffray reiterated a Neutral rating on Square (NYSE: SQ), and raised the price target to $11.50 (from $10.00), following the company's 2Q earnings report. SQ posted adj. net revenue of $171M (+54% y/y), beating consensus estimates of $159M by 7%.

Analyst Jason S. Deleeuw commented, "SQ... More