Investing.com -- Square Inc (NYSE:SQ) fell more than 3% on Wednesday despite praise from Wall Street.
Deutsche Bank (DE:DBKGn)'s Bryan Keane raised his price target on the mobile payments app company to $330 from $255, calling the stock an "even better" recovery story this year. He rates it a buy. The new price target implies a 23% gain from the current price.
Part of Square's story is Bitcoin. The company bought $50 million worth last year and allows users to buy it through its Cash App. Bitcoin smashed through $51,000 on Wednesday for the first time. It gained more than 300% last year.
Copying/Pasting full or partial texts with adding very little original content are frowned upon by the community. Repeated copy/paste posts could be considered spam. Spam is discouraged by the community and may result in the account being Blacklisted.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit