Shares of Square (NYSE: SQ) jumped on Wednesday, following bullish analyst commentary. As of 2:20 p.m. EDT, the financial services company's stock price was up more than 7%.
Early this morning, Keefe, Bruyette & Woods analyst Steven Kwok raised his rating on Square's shares from market perform to outperform and reiterated his $250 price forecast. Kwok's price target represents potential gains to shareholders of roughly 10% from the current price near $227.
Investors should buy Square's stock, according to one analyst. Image source: Getty Images.
Source Fool.com