Mizuho raised the firm’s price target on Squarespace to $34 from $32 and keeps a Neutral rating on the shares. The company reported “strong” Q4 results, the analyst tells investors in a research note. The firm says Squarespace benefited from its pricing increase and could potentially raise list prices this year. The company has several potential growth drivers going forward, but could experience dilutive margin impact from the Domains business, adds Mizuho.
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Read More on SQSP:
- Squarespace announces $500M share repurchase program
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- Squarespace reports Q4 EPS 4c, consensus 14c
- Squarespace Announces Fourth Quarter and Full Year 2023 Financial Results and $500 Million Share Repurchase Authorization
