Are You Looking for a Top Momentum Pick? Why Squarespace (SQSP) is a Great Choice

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Squarespace (SQSP) currently holding a Momentum Style Score of A [2] - The Zacks Rank system complements Style Scores, with SQSP rated 2 (Buy), indicating potential for outperformance [3] Group 2: Performance Metrics - SQSP shares have increased by 0.32% over the past week, while the Zacks Internet - Software and Services industry has decreased by 2.83% [5] - Over the past quarter, SQSP shares have risen by 2.27%, and over the last year, they have gained 41.99%, compared to the S&P 500's increases of 0.62% and 16.69% respectively [6] - The average 20-day trading volume for SQSP is 1,041,643 shares, indicating bullish sentiment when combined with rising stock prices [7] Group 3: Earnings Outlook - Recent earnings estimate revisions for SQSP show one upward revision for the full year, increasing the consensus estimate from $0.44 to $0.48 [9] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions noted [9] - These positive trends contribute to SQSP's status as a 2 (Buy) stock with a Momentum Score of A, suggesting it is a strong candidate for near-term investment [9]