Raymond James Downgrades Squarespace to Market Perform
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Josh Beck has downgraded Squarespace (NYSE:SQSP) from Outperform to Market Perform, indicating a change in the firm's outlook on the company's stock.

May 13, 2024 | 8:33 pm
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NEUTRAL IMPACT
Squarespace downgraded by Raymond James from Outperform to Market Perform, suggesting a neutral outlook on the stock's short-term performance.
Analyst downgrades typically lead to a neutral or negative perception of the stock in the short term. However, the downgrade to Market Perform suggests a neutral outlook rather than a negative one, indicating that the stock might not see significant movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100