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:
Note:
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