Square Analysts React To Q4 Earnings: 'Deceleration Somewhat Surprising'

“While SQ is withholding guidance during the pandemic, we believe the company will generate robust growth over the NT to MT, with NT benefits from fiscal stimulus serving as a tailwind for the Cash App business, and LT benefits from seller payment volumes/subscription revenues accelerating as business conditions improve,” Tandon wrote.

Credit Suisse analyst Timothy Chiodo said both the Cash App and Seller segments are building momentum heading into 2021.

“Both ecosystems delivered underlying momentum in terms of large new cohort additions (gross profit by annual cohort) in 2020 vs. 2019 (indicative of larger seller mix and underlying share gains for the Seller business),” Chiodo wrote.

Ratings And Price Targets: Rosenblatt has a Buy rating and $310 target.

Raymond James has an Underperform rating.

Needham has a Buy rating and $300 target.

KeyBanc has an Overweight rating and $275 target.

Credit Suisse has an Outperform rating and $270 target.

Square's stock trades around $241.58 per share at publication time.

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