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Klaus Vedfelt
Recommendation
I believe Squarespace (NYSE:SQSP) has 37% upside. The digital world is becoming increasingly important, with more time and money being spent online as more people connect through desktop and mobile devices. The growth of e-commerce and digital native brands creates demand for web presence and commerce technology, as well as new monetization opportunities through other features. Squarespace’s all-in-one platform allows businesses to have a unified online identity and conduct business across all platforms and social networks, and its simplicity and accessibility make it suitable for even the most complex organizations. Overall, the market opportunity for Squarespace is huge, with the majority of the world’s businesses being SMEs, and the company’s focus on user-friendliness and convenience, as well as its ability to continuously develop and release innovative products and services, positions it well to capitalize on this opportunity and drive growth.
Business
Squarespace is a one-stop-shop for businesses and independent creators to establish a professional online presence, expand their brands, and manage their online operations. They offer web hosting, domain names, online shopping, social media management, marketing, and scheduling features.
Having digital presence is increasingly more important
In recent years, both the amount of time and money spent online has grown as the number of individuals connecting via desktop and mobile devices has risen. As a result of this worldwide shift, businesses and independent artists are quickly adapting their methods of customer interaction.
Consumers now have more online alternatives and avenues of interaction than ever before because to the proliferation of internet use around the world. This has resulted in the rapid transition to the internet by both established enterprises and new forms of creative expression. This trend is exemplified by the rise of “digital native” brands that have developed…
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