For Squarespace Inc [SQSP], Analyst sees a rise to $50. What next?

Squarespace Inc [NYSE: SQSP] closed the trading session at $43.25.

The stocks have a year to date performance of 31.02 percent and weekly performance of 22.04 percent. The stock has been moved at 52.29 percent over the last six months. The stock has performed 18.20 percent around the most recent 30 days and changed 32.38 percent over the most recent 3-months.

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If compared to the average trading volume of 777.70K shares, SQSP reached to a volume of 12454939 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Squarespace Inc [SQSP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SQSP shares is $43.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SQSP stock is a recommendation set at 2.19. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Mizuho have made an estimate for Squarespace Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 10, 2024. While these analysts kept the previous recommendation, Raymond James raised their target price to Outperform. The new note on the price target was released on March 27, 2024, representing the official price target for Squarespace Inc stock. Previously, the target price had yet another raise from $30 to $39, while Robert W. Baird kept a Outperform rating on SQSP stock.

The Average True Range (ATR) for Squarespace Inc is set at 1.46, with the Price to Sales ratio for SQSP stock in the period of the last 12 months amounting to 5.63. Price to Free Cash Flow for SQSP in the course of the last twelve months was 25.31 with Quick ratio for the last quarter at 0.70.

SQSP stock trade performance evaluation

Squarespace Inc [SQSP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 22.04. With this latest performance, SQSP shares gained by 18.20% in over the last four-week period, additionally plugging by 52.29% over the last 6 months – not to mention a rise of 54.02% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SQSP stock in for the last two-week period is set at 77.53, with the RSI for the last a single of trading hit 82.77, and the three-weeks RSI is set at 73.56 for Squarespace Inc [SQSP]. The present Moving Average for the last 50 days of trading for this stock 35.27, while it was recorded at 38.59 for the last single week of trading, and 31.58 for the last 200 days.

Squarespace Inc [SQSP]: An insightful look at the core fundamentals

Squarespace Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.70.

Earnings per share (EPS) analysis for Squarespace Inc [SQSP] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SQSP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Squarespace Inc go to 11.20%.

Squarespace Inc [SQSP]: Institutional Ownership

The top three institutional holders of SQSP stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in SQSP stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in SQSP stock with ownership which is approximately 5.8386%.

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