Square (SQ) PT Raised to $50 at Wedbush
Wedbush raised its price target on Square (NYSE: SQ) to $50.00 (from $37.00) while maintaining a Neutral rating.
Analyst Moshe Katri commented, "Maintain NEUTRAL rating post-modest Q4/CY17 beat, roughly inline CY18 guidance. On one hand, Square’s unique model continues to evolve (monetizing existing user base), hence, providing ample room for growth and scale. On the other hand, only significant revenue/adj. EPS “beats” will likely sustain current hefty valuation."