Squarespace upgraded to Overweight from Neutral at Piper Sandler - InvestingChannel

Squarespace upgraded to Overweight from Neutral at Piper Sandler

Piper Sandler analyst Clarke Jeffries upgraded Squarespace to Overweight from Neutral with a price target of $30, up from $22. Squarespace stood out in Q3 as one of the few businesses this quarter with improving constant currency revenue growth and bookings growth, Jeffries tells investors in a research note. While this is partially due to pricing, it is not the majority of the growth in bookings, “which we see as very encouraging,” writes the analyst.

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