Barclays raised the firm’s price target on Squarespace to $37 from $34 and keeps an Equal Weight rating on the shares. The company reported a solid Q4 beat on revenue as unique subscribers accelerated even excluding new domain customers, the analyst tells investors in a research note. The firm says the May analyst day and potential pricing actions later in the summer “set a cadence of possible catalysts for 2024.”
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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
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