Web Presence Sector Players GoDaddy, Wix, And Squarespace Get Bullish Rating From This Analyst - Here's Why
Portfolio Pulse from Anusuya Lahiri
Seaport analyst Aaron Kessler initiated coverage of GoDaddy Inc (GDDY), Wix.Com Ltd (WIX), and Squarespace, Inc (SQSP) with a Buy rating. Kessler expects continued momentum in Applications & Commerce for GoDaddy, Creative Subscriptions strength for Wix, and Presence momentum from new customers for Squarespace. He also projected Q3 revenues and EPS for all three companies.
October 24, 2023 | 6:46 pm
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POSITIVE IMPACT
GoDaddy received a Buy rating from Seaport analyst Aaron Kessler, who expects continued momentum in Applications & Commerce and solid margin expansion.
The Buy rating and positive outlook from the analyst could lead to increased investor confidence and potentially a rise in GoDaddy's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Squarespace received a Buy rating from Seaport analyst Aaron Kessler, who expects continued Presence momentum from new customers and solid top-line growth.
The Buy rating and positive outlook from the analyst could lead to increased investor confidence and potentially a rise in Squarespace's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Wix received a Buy rating from Seaport analyst Aaron Kessler, who expects continued Creative Subscriptions strength and substantial marketing leverage.
The Buy rating and positive outlook from the analyst could lead to increased investor confidence and potentially a rise in Wix's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100