Squarespace price target raised to $30 from $21 at Citi

Citi raised the firm’s price target on Squarespace to $30 from $21 and keeps a Neutral rating on the shares. The company reported strong Q4 results and fiscal 2023 guidance, the analyst tells investors in a research note. Importantly, bookings growth of 15% was ahead of revenue growth, which should be indicative of continued strength, says the firm.