Squarespace price target raised to $41 from $40 at B. Riley

B. Riley raised the firm’s price target on Squarespace to $41 from $40 and keeps a Buy rating on the shares. The analyst remains constructive on the web builder segment in 2024, citing an improving macro environment, which the firm views positively for business confidence and demand for web services. The firm says Squarespace is favorably positioned for growth within the segment.