Baird ‘wouldn’t be surprised’ if price hikes add $60M to Square gross profit

After Square announced it is raising prices across three products, Baird analyst David Koning said the firm "wouldn’t be surprised" if the hikes add at least $60M to Square segment annualized gross profit, which is 2%-plus to segment gross profit and about 1% to total company gross profit. The firm has an Outperform rating and $92 price target on Square parent Block.