Square Jumps on Deutsche Bank Confidence

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Investing.com — Square Inc (NYSE:SQ) rose almost 5% after Deutsche Bank (DE:DBKGn) reiterated its buy rating. 

The payment platform founded by Twitter Inc (NYSE:TWTR) creator Jack Dorsey should have continued momentum on the horizon, the firm said, according to CNBC.

“SQ has morphed into a two-sided financial ecosystem that continues to expand total addressable market and beat expectations,” Deutsche Bank wrote in a note.

Although Square has more than doubled in the past 12 months, 2021 has proven to be a bumpy ride for investors with shares rising and falling some 40% at various points. 

 

 

 

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