William Blair analyst Matthew Pfau maintained a Buy rating on Squarespace (SQSP – Research Report) today. The company’s shares opened today at $34.62.
According to TipRanks, Pfau is a 4-star analyst with an average return of 4.4% and a 55.79% success rate. Pfau covers the Technology sector, focusing on stocks such as Bill.com Holdings, Vertex, and GoDaddy.
Currently, the analyst consensus on Squarespace is a Moderate Buy with an average price target of $37.80.
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SQSP market cap is currently $4.38B and has a P/E ratio of -18.52.
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Squarespace (SQSP) Company Description:
Squarespace Inc is an all-in-one platform for businesses and independent creators to build an online presence, grow their brands and manage their businesses across the internet. It offers websites, domains, e-commerce, tools for managing a social media presence, marketing tools, and scheduling capabilities. The company primarily derives revenue from monthly and annual subscriptions. Revenue is also derived from non-subscription services including fixed fees earned on revenue share arrangements with third parties and fixed transaction fees that it earns on sales made through customers’ websites.
Read More on SQSP:
- Squarespace Announces Fourth Quarter and Full Year 2023 Financial Results and $500 Million Share Repurchase Authorization
- Squarespace raised prices across subscription tiers, says Barclays
- Squarespace price target raised to $41 from $40 at B. Riley
- Netflix upgraded, Tesla initiated: Wall Street’s top analyst calls
- Squarespace upgraded to Outperform from Market Perform at JMP Securities
