Jim Cramer: Square Still Needs Improvement
Square looks better a Wall Street upgrade, but it still needs to bring in some bigger merchants, said TheStreet's Jim Cramer
Square (SQ) - Get Report looks better after a Wall Street upgrade, but it still needs to bring in some bigger merchants, said TheStreet's Jim Cramer. Shares of Square are higher Tuesday after Stifel Nicolaus upgraded the stock to buy from hold and set a price target of $15. The San Francisco-based payment processing company has demonstrated consistent 'strong execution' in developing its platform, according to Stifel, and two post-IPO lock-up expirations have passed already. Cramer said that Square has shown improvement, yet there are more profitable plays out there.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
