Piper Sandler Downgrades Squarespace to Neutral, Lowers Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Clarke Jeffries downgraded Squarespace (SQSP) from Overweight to Neutral and reduced the price target from $45 to $44.
May 13, 2024 | 4:02 pm
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Squarespace downgraded by Piper Sandler from Overweight to Neutral with a price target reduction from $45 to $44.
The downgrade from Overweight to Neutral by a notable analyst, along with a reduction in price target, typically signals a less optimistic outlook on the stock's short-term performance. This could lead to decreased investor confidence and potentially a decrease in stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100