Will 2018 Be Square, Inc.'s Best Year Yet?

One of this year's biggest winners is Square (NYSE: SQ). The transactions field leveler has nearly tripled in 2017, up 181% through Monday's close. Despite its spectacular run this year, Square stock has actually retreated by 23% since hitting all-time highs late last month.

Square's big run in 2017 means that it won't take anyone by surprise in 2018, and it would be a surprise if returns cool off in the year ahead. Cowen analyst George Mihalos initiated coverage of Square on Monday with a neutral rating and a $36 price target, arguing that the shares are fairly valued at this point. This doesn't mean that the party's over. In fact, this could just be the start of something even bigger.

Image source: Square.

Source: Fool.com