Piper Sandler Reiterates Overweight on Squarespace, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Clarke Jeffries has reiterated an Overweight rating on Squarespace (NYSE:SQSP) and increased the price target from $40 to $45, indicating a positive outlook on the company's stock.
May 08, 2024 | 9:09 am
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Piper Sandler's analyst Clarke Jeffries has reiterated an Overweight rating on Squarespace and raised the price target from $40 to $45.
The reiteration of an Overweight rating combined with an increase in the price target by a reputable analyst like Clarke Jeffries suggests a strong bullish sentiment towards Squarespace. This is likely to positively influence investor perception and could lead to a short-term increase in the stock price, as market participants may adjust their positions based on this new target and rating.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100