Evercore ISI downgrades SQ to Underperform (Sell) with a new price target of $55 (massive revision down from Outperform w/ PT $120). Apply the normal rules to PT's: They are usually 10-15% generous *and* they represent the PT over the coming year, so also do normal rate of return discounting, also 10-15% (leaning to 15% when inflation is meaningful as it is now). Applying those simple, normal rules to the $55 PT gets us to a current buy price in the low-$40s.
Folks, SQ remains a stock to watch and the new domain is likely going to break to the downside.$Block(SQ)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments