Shares of Square (NYSE: SQ) rose on Monday following bullish analyst comments. As of 3:05 p.m. EDT, the fintech stock was up more than 5% after rising as much as 13% earlier in the day.
SunTrust analyst Andrew Jeffrey reiterated his buy rating on Square's stock and boosted his target price from $83 to $150. Jeffrey's new target represents potential upside of 25% for investors, based on Square's current price near $120, and signifies a new high among Wall Street analyst forecasts.
Square stock climbed on Monday after SunTrust raised its price forecast to $150. Image source: Getty Images.
Source Fool.com