Csquare (NYSE:CSQR) Price Target Raised to $30.00

Key Points

• TD Cowen raised its price target on Csquare to $30 from $28 and maintained a Buy rating, implying 69.78% upside from the prior close.
• Analyst sentiment is broadly positive: MarketBeat reports a Moderate Buy consensus and an average price target of $28.78, though ratings include one Sell.
• Csquare’s third-quarter revenue rose 25.6% year over year to $302.3 million and beat estimates, but its $0.58-per-share loss was worse than the $0.49 consensus loss.

Csquare (NYSE:CSQR - Get Free Report) had its price objective hoisted by investment analysts at TD Cowen from $28.00 to $30.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. TD Cowen's price objective would suggest a potential upside of 69.78% from the stock's previous close.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada assumed coverage on shares of Csquare in a report on Monday, August 10th. They set an "outperform" rating and a $24.00 target price on the stock. Weiss Ratings started coverage on shares of Csquare in a research note on Monday, October 12th. They set a "sell (d)" rating on the stock. Scotiabank raised shares of Csquare to a "strong-buy" rating in a report on Wednesday, August 19th. Wells Fargo & Company assumed coverage on shares of Csquare in a research note on Monday, August 10th. They issued an "overweight" rating and a $25.00 target price for the company. Finally, Zacks Research raised Csquare to a "hold" rating in a research report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Csquare presently has an average rating of "Moderate Buy" and an average price target of $28.78.

Csquare Stock Performance

NYSE CSQR traded up $2.40 during trading hours on Tuesday, hitting $17.67. 2,893,196 shares of the company traded hands, compared to its average volume of 1,662,711. The stock has a 50-day simple moving average of $16.68. Csquare has a twelve month low of $12.30 and a twelve month high of $23.50.

Csquare (NYSE:CSQR - Get Free Report) last posted its quarterly earnings results on Monday, November 9th. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.49) by ($0.09). The business had revenue of $302.33 million during the quarter. During the same quarter last year, the business posted ($0.29) EPS. Csquare's revenue was up 25.6% compared to the same quarter last year. As a group, research analysts forecast that Csquare will post -1.73 EPS for the current year.

Key Stories Impacting Csquare

Here are the key news stories impacting Csquare this week:

• Positive Sentiment: Q3 revenue rose 25.6% year over year to $302.3 million, beating the reported $287.1 million estimate. Gross profit also increased to $160.3 million. Q3 earnings details
• Positive Sentiment: Csquare reported record bookings of $66.1 million and a 14th consecutive quarter of sequential bookings growth, pointing to sustained demand and continued customer deployments. Q3 results and business highlights
• Positive Sentiment: FY 2026 revenue guidance is $1.1 billion–$1.2 billion, versus analyst consensus of $1.1 billion; the upper end offers potential upside to expectations.
• Negative Sentiment: Q3 loss per share of $0.58 was worse than the $0.49 consensus loss, and the loss widened from $0.29 per share a year earlier. Operating loss was $14.6 million and net loss attributable to common shareholders was $88.1 million. Q3 earnings results
• Negative Sentiment: Capital spending was substantial: purchases of property, plant and equipment totaled $164.6 million, compared with $69.7 million in cash generated from operations, keeping attention on investment needs and cash resources. Q3 financial details

Csquare Company Profile

Csquare Inc is a provider of carrier-neutral data center solutions. The company's digital infrastructure platform offers carrier-neutral colocation and interconnection services which support the applications. Csquare Inc is based in COPPELL, Texas.

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