UPDATE: JMP Securities Starts Squarespace (SQSP) at Market Outperform
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Street Largely Bullish on Squarespace (SQSP) on Attractive E-Commerce Services Opportunity and Strong Profitability Growth
June 14, 2021 11:37 AM EDTWall Street analysts have started coverage of Squarespace (NYSE: SQSP) with largely positive views. Only two out of ten analysts started the coverage with a Neutral or equivalent ratings while eight - including Citi, JPMorgan, and Goldman Sachs - initiated at Buy or equivalent.
The company made its public debut last month after opening at $48 per share. Prior to that, the company set a reference price of $50.00 per share. Shares plunged on the debut before racing higher to now trade at $60.00 apiece.
Citi analyst Drew Foster started at Buy with a price target of... More
Raymond James Starts Squarespace (SQSP) at Outperform
June 14, 2021 6:42 AM EDTRaymond James analyst Aaron Kessler initiates coverage on Squarespace (NYSE: SQSP) with an Outperform rating and a price target of $70.00.
The analyst commented, "Our positive fundamental view is based on: 1) Squarespace is well positioned to benefit from several key industry trends, including increasing... More
Citi Starts Squarespace (SQSP) at Buy
June 14, 2021 5:32 AM EDTCiti analyst Drew Foster initiates coverage on Squarespace (NYSE: SQSP) with a Buy rating and a price target of $75.00.
The analyst comments "Were positive on the companys leadership in Presence and emerging eCommerce opportunity, supported by our view that it has... More
UPDATE: JPMorgan Starts Squarespace (SQSP) at Overweight
June 14, 2021 2:30 AM EDT(Updated - June 14, 2021 2:31 AM EDT)
JPMorgan analyst Sterling Auty initiates coverage on Squarespace (NYSE: SQSP) with a Overweight rating and a price target of $70.00.
"Squarespace is a cloud-based website building platform that enables millions of businesses and independent creators to build... More
UPDATE: RBC Capital Starts Squarespace (SQSP) at Sector Perform
June 14, 2021 1:57 AM EDT(Updated - June 14, 2021 2:21 AM EDT)
RBC Capital analyst Brad Erickson initiates coverage on Squarespace (NYSE: SQSP) with a Sector Perform rating and a price target of $62.00.
The analyst comments "SQSP is one of a few leading players in... More
UPDATE: Goldman Sachs Starts Squarespace (SQSP) at Buy
June 14, 2021 1:45 AM EDT(Updated - June 14, 2021 2:18 AM EDT)
Goldman Sachs analyst Christopher Merwin initiates coverage on Squarespace (NYSE: SQSP) with a Buy rating and a price target of $90.00.
The analyst comments "In today's economy, we believe web design tools are breaking down the... More
