JMP Securities analyst Andrew Boone reiterated a Buy rating on Squarespace (SQSP – Research Report) today and set a price target of $40.00. The company’s shares closed yesterday at $33.40.
Boone covers the Communication Services sector, focusing on stocks such as Meta Platforms, Alphabet Class A, and Shutterstock. According to TipRanks, Boone has an average return of 6.1% and a 52.75% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Squarespace with a $37.80 average price target.
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The company has a one-year high of $34.38 and a one-year low of $22.73. Currently, Squarespace has an average volume of 675.1K.
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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
