Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- KeyBanc analyst Josh Beck downgraded Squarespace, Inc (NYSE:SQSP) to Sector Weight from Overweight without a price target.
- The re-rating reflected a more measured e-commerce backdrop.
- Despite Beck's generally optimistic stance on management teams and long-term strategy in the commerce and back-office software space, reduced e-commerce visibility prompts a more cautious stance on Squarespace.
- Beck sought increased visibility to growth initiatives, like branded payments, as potential incremental fundamental upside sources.
- Pricing optimization and Tock momentum are likely to help near-term results.
- As announced in November, e-commerce juggernaut Amazon.Com, Inc (NASDAQ:AMZN) reportedly initiated a round of record layoffs affecting over 18,000 employees as it battled slowing online sales growth and a possible recession.
- Price Action: SQSP shares traded lower by 9.07% at $20.85 on the last check Friday.
- Photo Via Company
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!