Why Square's Stock Is Trading Higher Today

Benzinga · 07/06/2020 13:07

Square, Inc. (NYSE:SQ) shares are trading higher after analysts at SunTrust raised their price target on the stock from $83 to $150.

The company's stock has rallied approximately 12% over the past three trading sessions.

Square provides payment acquiring services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network.

Square's stock was trading up 4.83% at $118.80 per share on Monday at the time of publication. The company set a new 52-week high of $118.80 and has a 52-week low of $32.33.