Citron Research Negative on Square (SQ), Sets $30 Target

(Updated - April 30, 2018 1:54 PM EDT)

Citron Research negative on Square (NYSE: SQ), sets $30 target.

$SQ Short term tgt $30 started as innovative pymt co. - now just another processor. 15x rev growing slower than $FB. Collection of yawn businesses. WallSt drunk on Bitcoin nonsense, SQ-Cash to BTC trading has been insignificant. Even w/ hyper growth still 40% too rich

— Citron Research (@CitronResearch) April 30, 2018

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