The call that everyone is buzzing about today is Mizuho Securities' reiteration of Square Inc SQ, Jim Cramer said Thursday on CNBC's "Squawk On The Street."
What Happened: Mizuho analyst Dan Dolev reiterated Square with a Buy rating and a price target of $380. The analyst said Square's Cash App products have a visible growth path to average revenue per user of $150 to $200.
"We believe Cash App may be en route to becoming the ultimate neo-bank and the money center bank of the future. This could make buying SQ analogous to buying JPMorgan in 1871," Dolev said in the note.
Related Link: Cash App Launches 'Buy The Dip' Feature: Could This Continue Square's Huge Growth?
When someone makes a call that references 1871, it's going to get mentioned on CNBC, Cramer emphasized.
SQ Price Action: Square has traded as high as $283.18 and as low as $111.14 over a 52-week period.
At last check Thursday, the stock was down 1.3% at $235.85.
Photo: courtesy of Square.
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