Squarespace is a provider of websites and related tools to small businesses and individuals. They are helping businesses that provide real life services have online scheduling and digital interaction with customers.
The company recently delivered a good quarter and provided positive guidance. In light of that the stock rose 48% in a day, but remains way below where it debuted in its IPO.
They are projecting revenue growth low double digits for '22 after very fast growth the last couple years. Revenue guidance for this year just below $900m.
The company is founder-led and based in New York.
Sell side price targets $30-50+. Shares trading at $23. What do you all think?
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