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KeyBanc boosts price target to Street high on Cash App thesis

Jun. 29, 2020 9:02 AM ETBlock, Inc. (SQ) StockSQBy: Liz Kiesche, SA News Editor1 Comment
  • Square (NYSE:SQ) advances 1.9% in premarket trading after KeyBanc analyst Josh Beck lifts his price target on the stock to a Street-high $125 from $70 after revising his Cash App analysis.
  • Analysts' average price target is $77.79.
  • Boosts bull/base/bear cases for Cash App to $150/$90/$25 from $75/$50/$10.
  • Expects financial apps to be "one of the purest beneficiaries of our digital acceleration thesis" as consumers increasingly turn to digital-first applications to manage their money.
  • Square's three-month target price history:

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