Square Inc. Class A ($SQ) Stock Forecast: Up 5.0% Today

What is Square Inc. Class A?

Square Inc. (NYSE: SQ) is a financial services and digital payments company that enables businesses and individuals to transact. The overall market sentiment for SQ today was bullish.

Why is Square Inc. Class A going up?

SQ stock is up 5.0% on Nov 18, 2024 15:36

• Jim Cramer has been a long-time supporter of SQ and believes the stock has finally broken out, indicating a positive outlook for the company.
• Despite worse-than-expected revenue results reported by SQ, financial giants have shown a bearish move in options trading, suggesting some uncertainty in the market.
• Piper Sandler's "overweight" rating and price target of $83 per share for SQ have contributed to a 4.62% increase in the stock price, reflecting positive analyst sentiment.
• Despite mixed options activity with both bullish and bearish trades, the overall bullish stance of whales with significant capital has likely fueled the strong upward movement in SQ's stock price.

SQ Price Chart

SQ Technical Analysis

SQ News

Jim Cramer: Super Group Finally 'Broke Out,' This Basic Materials Stock Is 'Very Hard To Own Here' - Dow ( NYSE:DOW )

On CNBC's "Mad Money Lightning Round," Jim Cramer said he has been behind Block, Inc. SQ for a long time. He added, "This stock has now had a major move at last, and it's not done." On Nov. 7, Block reported worse-than-expected third-quarter revenue results.

https://www.benzinga.com/trading-ideas/long-ideas/24/11/42035732/jim-cramer-super-group-basic-materials-stock-is-very-hard-to-own-here

Decoding Block's Options Activity: What's the Big Picture? - Block ( NYSE:SQ )

Financial giants have made a conspicuous bearish move on Block. Our analysis of options history for Block SQ revealed 15 unusual trades. Delving into the details, we found 40% of traders were bullish, while 46% showed bearish tendencies.

https://www.benzinga.com/insights/options/24/11/41982978/decoding-blocks-options-activity-whats-the-big-picture

Jack Dorsey's Block Shares Rally As Piper Sandler Initiates Coverage With 'Overweight' Rating: Here's What Other Analysts Are Saying - Block ( NYSE:SQ )

Shares of Block Inc. SQ, led by Jack Dorsey, closed up 4.62% on Tuesday, gaining over 16% in the past five days as Piper Sandler's Managing Director and Senior Research Analyst Arvind Ramnani initiated coverage with an "overweight" rating and set a price target of $83 per share.

https://www.benzinga.com/analyst-ratings/price-target/24/11/41933060/jack-dorseys-block-shares-rally-as-piper-sandler-initiates-coverage-with-overweight-

Block Unusual Options Activity - Block ( NYSE:SQ )

Whales with a lot of money to spend have taken a noticeably bullish stance on Block. Looking at options history for Block SQ we detected 85 trades. If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 30% with ...

https://www.benzinga.com/insights/options/24/11/41885896/block-unusual-options-activity

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Square Inc. Class A Price History

30.07.2024 - SQ Stock was down 5.0%

• Increased options activity predicting positive outcomes for Block could have set up inflated expectations, resulting in disappointment when the market trended negatively.
• While Square could benefit from Bitcoin surges and fundraising through stablecoin-based payments networks, general macroeconomic uncertainties affecting fintech firms may have played a role in its bearish performance.
• Market expectations surrounding Bitcoin price increases and potential gains for companies like NVIDIA and Coinbase Global likely fell short, affecting Square's performance.

08.10.2024 - SQ Stock was down 10.2%

• Jack Dorsey's reaffirmation of the Bitcoin-centric vision for Block to enhance its digital wallet and mining enterprises did not resonate positively with investors, resulting in a bearish movement in the stock.
• The stagnation in Block's Bitcoin revenue for Q3, combined with a revenue miss and the decision to wind down its DeFi business, likely played a role in the negative market sentiment.
• Despite meeting earnings estimates, the revenue miss and the pivot towards Bitcoin mining and wallet businesses overshadowed the positive aspects of Block's performance, leading to a 12% drop in shares.
• The mixed Q3 results, where EPS exceeded expectations but revenues fell short, compounded the downward pressure on Square's stock price as investors may have anticipated stronger financial performance.

18.10.2024 - SQ Stock was up 5.0%

• Jim Cramer has been a long-time supporter of SQ and believes the stock has finally broken out, indicating a positive outlook for the company.
• Despite worse-than-expected revenue results reported by SQ, financial giants have shown a bearish move in options trading, suggesting some uncertainty in the market.
• Piper Sandler's "overweight" rating and price target of $83 per share for SQ have contributed to a 4.62% increase in the stock price, reflecting positive analyst sentiment.
• Despite mixed options activity with both bullish and bearish trades, the overall bullish stance of whales with significant capital has likely fueled the strong upward movement in SQ's stock price.

29.07.2024 - SQ Stock was up 5.3%

• A "Strong Buy" rating from financial analysts may have contributed to the positive movement of SQ in the market, reflecting investor confidence in the company's growth potential.
• Factors such as the rise in Bitcoin (BTC) and potential interest rate adjustments by the Federal Reserve are seen as favorable for stocks like SQ, signaling optimism towards the company.
• SQ's undervaluation compared to its industry peers could have attracted investors seeking growth opportunities, further driving up the stock price.
• Reports of shares worth over $90k being sold by Block Inc.'s chief accounting officer may have raised some initial concerns, but overall positive market sentiment towards SQ appeared to outweigh this news.

06.08.2024 - SQ Stock was down 5.1%

• Conflicting options activity on Block SQ suggests a struggle between investors with substantial capital.
• Today's bearish movement in SQ may be a result of investors leaning towards a negative view on the stock in the options market.
• Diverging sentiments from high-net-worth individuals or institutions could have contributed to uncertainty and the bearish trend in SQ's stock price today.

06.10.2024 - SQ Stock was up 7.5%

• The bullish movement in SQ's stock today can be attributed to the deep-pocketed investors adopting a bullish approach towards the company, as indicated by public options records.
• Expectations of strong third-quarter earnings results, driven by a robust portfolio and rich partner base, likely contributed to the positive market sentiment towards SQ.
• Despite concerns about a stretched valuation, investors seem to be focusing more on the growth potential and performance of the company in the near term, leading to the bullish movement in the stock.
• The overall positive market sentiment towards SQ may also be influenced by broader market trends and investor confidence in the fintech sector.

06.08.2024 - SQ Stock was down 4.3%

• Despite a bullish stance from investors with significant capital in the options market, Square Inc. saw a bearish movement today.
• The increase in options activity reflecting a positive sentiment could suggest investor optimism for potential news or developments.
• However, various market dynamics and external influences likely contributed to the stock's decline, creating a disparity between options activity and actual stock performance.
• It's crucial for traders to consider a comprehensive market outlook and company-specific factors when making decisions, as market sentiment through options activity may not always mirror stock movements.

11.10.2024 - SQ Stock was up 9.1%

• Unusual options activity observed with a bullish position on SQ.
• SQ employees advised against conversations about board member Jay-Z.
• Mixed Q3 results were disclosed by SQ, coupled with robust guidance.
• Analysts view SQ's ambitious 2025 outlook favorably, sparking a bullish trend in the stock.

11.10.2024 - SQ Stock was up 5.0%

• Q3 earnings report showed mixed results, causing some fluctuations in the stock price.
• Analysts hold contrasting views on the company's future, with some recommending a Buy.
• Square's strong momentum in its Square and Cash App ecosystems influenced positive market sentiment.
• Internal caution at Block, Inc. on mentioning board member Jay-Z has added intrigue to the company's story, potentially attracting investor attention.

08.10.2024 - SQ Stock was down 5.8%

• There was a significant 12% dip in Square Inc.'s (SQ) stock value, reflecting a bearish trend today.
• Market response was influenced by the company's Q3 results, which fell below revenue expectations. In addition, Square Inc. shared plans to discontinue its DeFi operations and focus more on Bitcoin-related ventures.
• CEO Jack Dorsey's emphasis on Block's Bitcoin-focused strategy, alongside stagnant Bitcoin earnings during Q3, prompted investor apprehensions regarding the company's future trajectory and revenue growth potential.
• Analysts perceive Block's 2025 forecast as ambitious, hinting at doubts and caution regarding the company's forthcoming performance.

14.10.2024 - SQ Stock was down 5.7%

• Despite positive analyst coverage and bullish options activity, Square Inc. (SQ) experienced a bearish movement following the release of mixed Q3 results.
• The company's decision to give employees warnings about discussing board member Jay-Z amid layoffs may have raised concerns about internal management and potential disruptions.
• The market may have reacted negatively to the uncertainty surrounding Square's future performance, as analysts view the preliminary 2025 outlook as aggressive.
• Shift4 Payments' upcoming Q3 earnings report and potential revenue gains in specific verticals could have also influenced market sentiment, diverting attention from Square's performance.

06.10.2024 - SQ Stock was up 7.2%

• SQ's third-quarter results are expected to benefit from a robust portfolio and rich partner base, contributing to the bullish movement.
• The anticipation of positive earnings and growth in transaction and subscription revenues in the first quarter of fiscal 2025 likely fueled investor optimism.
• Market sentiment towards SQ remains positive, despite concerns about a stretched valuation, reflecting confidence in the company's future performance.
• Cathie Wood's significant investment in SQ, as part of Ark Invest's recent moves, may have also influenced market sentiment and contributed to the bullish movement.