Square (SQ) Reaches Positive EBITDA - Mizuho

Mizuho Securities analyst, Neil Doshi, reiterated his Buy rating on shares of Square (NYSE: SQ) after the company executed on a great quarter in the core business with strength in transaction revenue, solid take rates, and strong hardware sales. Software & Data segment also showed significant improvement with increased demand and new investors joining Square Capital. The analyst reiterated his core thesis: "Square should drive out-sized growth and margins through software over time, and the firm could be a take-out candidate given its unique focus around and traction with SMBs".

No change to the price target of $16.00

For an analyst ratings summary and ratings history on Square click here. For more ratings news on Square click here.

Shares of Square closed at $10.44 yesterday.

You May Also Be Interested In

• Freedom Capital Starts Flutter Entertainment (FLUT) at Hold
• Definium Therapeutics Inc (DFTX) PT Raised to $60 at Oppenheimer
• TD Cowen: 'Infineon Technologies AG (IFX:GR) (IFNNY) is a Top Pick'