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Stock impact report

Analysts Expect Squarespace, Inc. (NYSE:SQSP) To Breakeven Soon [Yahoo! Finance]

Squarespace, Inc. Class A (SQSP) 
Company Research Source: Yahoo! Finance
Squarespace, Inc. operates platform for businesses and independent creators to build online presence, grow their brands, and manage their businesses across the internet in the United States and internationally. The US$5.1b market-cap company posted a loss in its most recent financial year of US$7.1m and a latest trailing-twelve-month loss of US$7.4m leading to an even wider gap between loss and breakeven. Many investors are wondering about the rate at which Squarespace will turn a profit, with the big question being “when will the company breakeven?” Below we will provide a high-level summary of the industry analysts' expectations for the company. See our latest analysis for Squarespace Consensus from 17 of the American IT analysts is that Squarespace is on the verge of breakeven. They anticipate the company to incur a final loss in 2023, before generating positive profits of US$57m in 2024. Therefore, the company is expected to breakeven roughly 12 months from now or less. At wha Show less Read more
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