Citi raised the firm’s price target on Squarespace to $30 from $21 and keeps a Neutral rating on the shares. The company reported strong Q4 results and fiscal 2023 guidance, the analyst tells investors in a research note. Importantly, bookings growth of 15% was ahead of revenue growth, which should be indicative of continued strength, says the firm.
Published first on TheFly
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Read More on SQSP:
- Squarespace rises 11.3%
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- Squarespace Surges as Q4 Revenues Beat Estimates
- Squarespace sees FY23 revenue $955M-$970M, consensus $949.4M
- Squarespace sees Q1 revenue $232M-$234M, consensus $227.29M
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