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