Mizuho Upgrades Squarespace to Buy, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Siti Panigrahi upgrades Squarespace (SQSP) from Neutral to Buy and increases the price target from $34 to $50.

May 10, 2024 | 11:01 am
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POSITIVE IMPACT
Squarespace's upgrade from Neutral to Buy by Mizuho, with a price target increase to $50, indicates a strong positive outlook from the analyst.
Analyst upgrades and price target adjustments are significant indicators of a stock's future performance. Mizuho's upgrade to Buy and the substantial increase in Squarespace's price target suggest a strong bullish sentiment towards the company's stock, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100