Squarespace price target raised to $38 from $35 at RBC Capital

RBC Capital raised the firm’s price target on Squarespace to $38 from $35 and keeps a Sector Perform rating on the shares. The company’s Q1 results were “solid” against a higher bar, given next week’s analyst day that has been “indicated bullishly”, the analyst tells investors in a research note. Most positively, Squarespace’s Google Domains acquisition is starting to bear fruit with strong subscriber add acceleration that is structurally improving its customer acquisition costs, RBC added.