Why Square Inc's Shares Popped 12% in July
Shares of payment processor Square Inc (NYSE: SQ) jumped 12.3% in July, according to data provided by S&P Global Market Intelligence, after an analyst suggested the company could be a buyout target.
Analyst Joseph Vafi at Loop Capital Markets sent Square's stock into a frenzy on July 12 after suggesting PayPal Holdings Inc (NASDAQ: PYPL) should buy its smaller rival. The idea would be to combine two of the largest payment processors into one and merge the two biggest money sharing apps, Venmo and Square Cash.
Image source: Square.
Source: Fool.com
Paypal Holdings Inc Stock
€61.64
-0.420%
The stock is one of the favorites of our community with 66 Buy predictions and 4 Sell predictions.
As a result the target price of 75 € shows a positive potential of 21.67% compared to the current price of 61.64 € for Paypal Holdings Inc.
