JMP Securities Upgrades Squarespace to Market Outperform, Announces $40 Price Target
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Andrew Boone has upgraded Squarespace (NYSE:SQSP) from Market Perform to Market Outperform and set a price target of $40.
January 24, 2024 | 10:53 am
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Squarespace upgraded by JMP Securities to Market Outperform with a new price target of $40, indicating a positive outlook for the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest a better-than-expected future performance. The new price target of $40 by JMP Securities represents a significant potential upside from the current trading price, which may attract investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100