Csquare (NYSE:CSQR) Stock Price Expected to Rise, TD Cowen Analyst Says

Csquare (NYSE:CSQR) had its price target hoisted by stock analysts at TD Cowen from $28.00 to $30.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen‘s price target would suggest a potential upside of 69.78% from the company’s previous close.

A number of other equities analysts have also commented on CSQR. JPMorgan Chase & Co. assumed coverage on shares of Csquare in a research report on Monday, August 10th. They set a “neutral” rating and a $24.00 price target on the stock. BMO Capital Markets began coverage on shares of Csquare in a research note on Monday, August 10th. They issued an “outperform” rating and a $26.00 price objective for the company. Jefferies Financial Group raised shares of Csquare to a “strong-buy” rating in a report on Friday, August 14th. Royal Bank Of Canada initiated coverage on shares of Csquare in a research report on Monday, August 10th. They set an “outperform” rating and a $24.00 target price on the stock. Finally, Scotiabank raised shares of Csquare to a “strong-buy” rating in a report on Wednesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Csquare presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.78.

Csquare Price Performance

CSQR stock traded up $2.40 during trading hours on Tuesday, hitting $17.67. 2,893,196 shares of the stock were exchanged, compared to its average volume of 1,662,711. Csquare has a 12 month low of $12.30 and a 12 month high of $23.50. The firm has a 50-day moving average price of $16.68.

Csquare (NYSE:CSQR) last announced its earnings results on Monday, November 9th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.09). The firm had revenue of $302.33 million for the quarter. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.29) earnings per share. Research analysts expect that Csquare will post -1.73 EPS for the current year.

Key Csquare News

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

About Csquare

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.