Price targets on Square (SQ) – Get Report and PayPal (PYPL) – Get Report were raised at Deutsche Bank as the investment firm’s analyst expects faster adoption of e-commerce and mobile-payment services due to the coronavirus pandemic and other factors.
Separately, a BTIG analyst, Mark Palmer, raised his price target on Square to $295 from $220.
At last check San Francisco-based Square was climbing 2.9% to $239.67, while San Jose, Calif.-based PayPal was up 0.8% to $239.54.
