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Lack Of E-Commerce Visibility Leads To Squarespace Downgrade, Analyst Says

Lack Of E-Commerce Visibility Leads To Squarespace Downgrade, Analyst Says

分析師稱，缺乏電子商務可見性導致廣場空間下降
Benzinga Real-time News ·  2023/01/20 12:27
  • KeyBanc analyst Josh Beck downgraded Squarespace, Inc (NYSE:SQSP) to Sector Weight from Overweight without a price target.
  • The re-rating reflected a more measured e-commerce backdrop.
  • Despite Beck's generally optimistic stance on management teams and long-term strategy in the commerce and back-office software space, reduced e-commerce visibility prompts a more cautious stance on Squarespace.
  • Beck sought increased visibility to growth initiatives, like branded payments, as potential incremental fundamental upside sources.
  • Pricing optimization and Tock momentum are likely to help near-term results.
  • As announced in November, e-commerce juggernaut Amazon.Com, Inc (NASDAQ:AMZN) reportedly initiated a round of record layoffs affecting over 18,000 employees as it battled slowing online sales growth and a possible recession.
  • Price Action: SQSP shares traded lower by 9.07% at $20.85 on the last check Friday.
  • Photo Via Company
  • 鑰匙班 分析師喬什·貝克降級 廣場空間 （紐約證券交易所代碼：SQSP）從超重到行業體重，沒有價格目標。
  • 重新評級反映了更多測量的電子商務背景。
  • 儘管 Beck 對管理團隊以及商務和後台軟件領域的長期策略普遍持樂觀態度，但電子商務可見性降低使 Squarespace 的立場更加謹慎。
  • Beck 尋求增加對品牌支付等增長計劃的可見度，作為潛在的增量基本上行來源。
  • 定價優化和托克動量很可能有助於短期結果。
  • 正如在中宣布的 11 月，電子商務劍聖 亞馬遜公司 (NASDAQ: AMZN) 據報導，發起了一輪創紀錄的裁員，影響了 18,000 多名員工，因為它與放緩線上銷售增長和可能出現的衰退作鬥爭。
  • 價格行動： 上次檢查週五，SQSP 股價下跌 9.07%，報 20.85 美元。
  • 通過公司照片
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