Squarespace Stock a Buy at BofA Securities
<p>BofA Securities analysts reiterated their Buy rating on <a href='https://financialmodelingprep.com/financial-summary/SQSP'>Squarespace (NYSE:SQSP)</a> with a price target of $35.00. The analysts believe that Squarespace is well-positioned to capture a larger share of the website building and hosting market, particularly as a design-focused platform targeting "prosumers" – service professionals who are building websites for their small businesses. </p>
<p>The analysts pointed out that the extensive total addressable market (TAM) is highlighted by the diverse range of "prosumers" across various categories, from barbers to wedding photographers.</p>
<p>Furthermore, Squarespace's pricing structure, starting at $24 per month for the base package, provides room for expansion of services while catering to a wide range of potential customers. This strategy sets Squarespace apart from its competitors in the higher-end market, such as Shopify, Wix, and GoDaddy.</p>

NYSE:SQSP