Dorsey's Square posts jump in revenue, raises full-year forecast

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Stifel Reiterates Buy on Square (SQ) Following 3Q and Guidance

November 2, 2016 11:14 AM EDT

Stifel maintained a Buy rating and $15.00 price target on Square (NYSE: SQ) following the company's 3Q earnings report. Adjusted revenue increased 51% y/y to $178mm, exceeding $174mm estimates and the $171mm high-end of the guided range. Management again raised its 2016 guidance to now reflect 50%... More