Squarespace price target raised to $26 from $20 at Mizuho

Mizuho raised the firm’s price target on Squarespace to $26 from $20 and keeps a Neutral rating on the shares. The company reported a strong quarter and guidance driven by the price increase, the analyst tells investors in a research note. The analyst is encouraged by the positive results, but says unique net subscription adds were only 4,000 versus 25,000 last quarter, which the firm believes reflects a difficult macro environment.