Squarespace shares are trading higher after B. Riley Securities initiated coverage on the stock with a Buy rating and announced a $40 price target.
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has initiated coverage on Squarespace with a Buy rating and a price target of $40. This has led to an increase in the trading of Squarespace shares.
June 28, 2023 | 1:47 pm
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POSITIVE IMPACT
Squarespace's stock is likely to experience a positive short-term impact due to the Buy rating and $40 price target set by B. Riley Securities.
Analyst ratings, especially from reputable firms like B. Riley Securities, can significantly influence investor sentiment. The Buy rating and $40 price target suggest a positive outlook for Squarespace, which is likely to attract more investors, driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100