Squarespace price target raised to $33 from $29 at Barclays

Barclays raised the firm’s price target on Squarespace to $33 from $29 and keeps an Equal Weight rating on the shares after its higher than expected Q2 revenue and free cash flow. Unique sub growth was a tad softer than expected, but strong free trials in Q2, surpassing pandemic highs, along with healthy retention amid 10%-15% price increases bode well going forward, the analyst tells investors in a research note.