Squarespace price target raised to $28 from $24 at Barclays

Barclays analyst Trevor Young raised the firm’s price target on Squarespace to $28 from $24 and keeps an Equal Weight rating on the shares. The company reported a solid beat on revenue, EBITDA, and free cash flow, while Q1 was guided well ahead of estimates, the analyst tells investors in a research note. The firm says Squarespace’s pricing is beginning to provide some lift as currency headwinds abate.