Why Square Stock Is Rising Again
For the second day in a row, shares of Square (NYSE: SQ) are on the rise. The stock rose as much as 13% in early morning trading on Thursday before settling down a bit. As of 1:15 p.m. EDT, the stock was up about 6%.
Investors can thank analysts at BMO Capital and SunTrust for today's jump.
James Fotheringham, an analyst at BMO Capital, lowered his price target on Square to $67 from $78. He also maintained his market-perform rating on the company. Fotheringham noted that the company's payment volume is decelerating and there are "better investment opportunities in other financial technology stocks."
Source Fool.com
