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Square Surges as Analysts Point to Brighter Growth Prospects

It looks like the markets are buying back into co-founder and CEO Jack Dorsey's vision for payment-technology firm Square (SQ) .

The San Francisco-based company's stock surged 4.8% to $12.39 Tuesday as Stifel Nicolaus upgraded its rating from "hold" to "buy," predicting Square would successfully expand its customer base, create new business lines, and maintain its strong core payment business.

"Square has generated better-than-expected top-line growth despite investor concerns surrounding the competitive threats and...


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