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Square Stock Price in Doldrums As Analysts Are Diverge

Square stock price

Square (NYSE: SQ) share price is trading in a narrow range over the last three months after tumbling sharply from 52-weeks high of $80. The shares didn’t respondent strongly to higher than expected results for the third quarter. The stock grew only 9% from 52-weeks low that it had hit three months ago.

Analysts are mixed over the future performance of Square stock price. Some are presenting the bullish outlook for its shares while others are showing concerns over the outlook for the fourth quarter. Bears believe the payment company needs to invest significantly in growth opportunities to outperform the competition.

SQ Square, Inc. daily Stock Chart

Analysts Are Diverge Over Square Stock Price Upside

SunTrust analyst Andrew Jeffrey is among the bulls who expect Square share price to trade around $80 in the coming days. The analyst anticipates EBITDA growth to re-accelerate from the next year. In addition, the analyst is showing confidence in valuations.

Cantor Fitzgerald’s Drew Kootman appears bullish over the future fundamentals of Cash App business. Drew Kootman forecasts +30% growth in next year – which he believes offer support to margins. He provides a $91 price target with a Buy rating.

On the other hand, Piper Jaffray analyst shows concerns over lower than expected EBITDA margin outlook. Jason Deleeuw reduced the price target to $66 from $75.

Moreover, Nomura Instinet analyst Bill Carcache believes disappointing EBITDA outlook could shake investor’s confidence. He says: “It’s difficult for us to see how SQ can work without a reacceleration in GPV growth and margin expansion — both unlikely in the next 12 months in our view.”

Square Lowered Earnings Outlook

Square has reduced adjusted EPS outlook for the final quarter to 19 cents, down from the analyst estimate of 25 cents. For the full year, Square anticipated adjusted earnings per share in the range of 76 cents compared to the previous guidance of 78 cents. Overall, Square stock price is likely to remain range-bound in the coming months.

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Based in Saudi Arabia, Siraj has a strong understanding of and passion for accounting and finance. He has worked for international clients for many years on several projects related to the stock market, equity research and other business, accounting and finance related projects. Siraj is a published financial analyst on the world's leading websites including SeekingAlpha, TheStreet, MSN, and others.