Squarespace price target raised to $36 from $32 at BofA

BofA analyst Nat Schindler raised the firm’s price target on Squarespace to $36 from $32 and keeps a Buy rating on the shares after Q4 revenue and EBITDA beat Street estimates and the company gave a Q1 revenue outlook that "signals more improvement ahead." The firm, which is raising its 2023 EBITDA forecast to $230M from $173M, continues to view Squarespace as well positioned to gain market share.