Barclays Maintains Equal-Weight on Squarespace, Raises Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Trevor Young has maintained an Equal-Weight rating on Squarespace (NYSE:SQSP) and increased the price target from $40 to $44.
May 14, 2024 | 6:11 pm
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POSITIVE IMPACT
Barclays has maintained its Equal-Weight rating on Squarespace but raised the price target from $40 to $44, indicating a positive outlook on the stock's value.
The increase in price target by a reputable analyst like Trevor Young from Barclays suggests a positive reassessment of Squarespace's market value and future prospects. This adjustment is likely to be viewed favorably by investors, potentially leading to a short-term increase in the stock's price as market participants adjust their valuations to align with the new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100