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A Quick Look at Today's Ratings for Similarweb(SMWB.US), With a Forecast Between $14 to $17

Moomoo News ·  Nov 14 21:00  · Ratings

On Nov 14, major Wall Street analysts update their ratings for $Similarweb (SMWB.US)$, with price targets ranging from $14 to $17.

Barclays analyst Ryan MacWilliams maintains with a buy rating, and maintains the target price at $15.

Needham analyst Scott Berg maintains with a buy rating, and adjusts the target price from $11 to $14.

William Blair analyst Arjun Bhatia maintains with a buy rating.

JMP Securities analyst Patrick Walravens maintains with a buy rating, and adjusts the target price from $16 to $17.

Northland Securities analyst Luke Horton maintains with a buy rating, and maintains the target price at $15.

Furthermore, according to the comprehensive report, the opinions of $Similarweb (SMWB.US)$'s main analysts recently are as follows:

  • Similarweb's Q3 results demonstrated a surge in sales growth, attributed to increasing demand from larger enterprises and the rise of emergent generative artificial intelligence applications. This suggests that the company's growth dynamics are firmly sustained.

  • Following the release of quarterly results, there's acknowledgement of the company's most significant top-line surpass since the second quarter of 2022 and the acquisition of another high-value customer. It's suggested that the investment community might give greater attention to the company's narrative, particularly in light of its valuation. The company's recent surge in growth is being attributed to its product advancements, go-to-market strategies, and the growing customer interest in utilizing its unique dataset for generative AI applications.

Here are the latest investment ratings and price targets for $Similarweb (SMWB.US)$ from 5 analysts:

StockTodayLatestRating_mm_80534931990674_20241114_en

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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