Square (SQ) PT Raised to $125 at Nomura/Instinet; 'Adding the 'S' to FANG(S)'

In a report entitled "Adding the "S" to FANG(S), Nomura/Instinet analyst Dan Dolev raised the price target on Square (NYSE: SQ) to $125.00 (from $86.00) while maintaining a Buy rating, following an update to the company's fundamentals.

Analyst Dolev notes a positive outlook on the shares, as a review of SQ's business and fundamentals highlights strong GPV, revenue and marketing efficiency trends with the rapid growth of large sellers, thus continuing path to disrupting "traditional markets with massive global TAMs.'

The price target represents a new 'Street High'.

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