Is Squarespace stock a buy now?
Headquartered in New York, Squarespace is a ‘software as a service’ (‘SaaS’) website builder. It provides websites, domains, e-commerce, tools for managing a social media presence, marketing, and other tools to help businesses and independent creators expand their online presence. The main idea behind Squarespace is that it’s a ‘code-free’ solution that makes it possible to construct and edit a website without needing to go near any CSS or HTML (that said, it is possible to add code to a Squarespace site if you want to). According to internet statistics company Builtwith.com, there are nearly 2.9 million websites powered by the platform.
Is Squarespace a good investment?
As of today (2022-04-28), Squarespace’s share price is $21.19. Squarespace’s Earnings per Share (EPS) is $-2.6, meaning the company loses money. Therefore, Squarespace’s PE Ratio becomes meaningless.
Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk.
What price target have analysts set for Squarespace?
Based on 15 Wall Street analysts have issued 12-month price targets for Squarespace’s stock, their forecasts range from $22.00 to $60.00. On average, they anticipate Squarespace’s stock price to reach $33.79 in the next twelve months. This suggests a possible upside of 59.46% from the stock’s current price.
Is Squarespace a buy right now?
17 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Squarespace in the last twelve months. There are currently 6 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “buy” Squarespace stock.
