On Oct 03, major Wall Street analysts update their ratings for $SEMrush (SEMR.US)$, with price targets ranging from $17 to $21.
Morgan Stanley analyst Elizabeth Porter maintains with a hold rating, and maintains the target price at $17.
J.P. Morgan analyst Mark Murphy maintains with a buy rating, and adjusts the target price from $16 to $17.
Jefferies analyst Surinder Thind maintains with a buy rating, and maintains the target price at $17.
Needham analyst Scott Berg maintains with a buy rating, and maintains the target price at $18.
KeyBanc analyst Jackson Ader maintains with a buy rating, and adjusts the target price from $19 to $21.
Furthermore, according to the comprehensive report, the opinions of $SEMrush (SEMR.US)$'s main analysts recently are as follows:
Semrush was highlighted for its strategic vision during the analyst day, focusing on the development of an enterprise-grade search engine optimization platform that integrates advanced artificial intelligence. The move to target an upmarket clientele and the disclosed details regarding the customer segment indicate a robust and accelerating growth in the enterprise segment's annual recurring revenue.
The company's recent Analyst Day has reinforced confidence in the significant shift towards enterprise customers, which is a core part of the optimistic outlook. Semrush has reported that enterprise clients are typically spending between $40K-$60K on its platform. Currently, there are 291 customers investing over $50K with the company. With over 8,000 enterprise clients already paying for the software, there's potential for substantial growth in average revenue per user, as many are currently spending an average of $7,500. This growth opportunity extends to the sizable mid-market segment and the 21,000 agencies using the platform, which could also elevate their average revenue to similar levels.
Here are the latest investment ratings and price targets for $SEMrush (SEMR.US)$ from 5 analysts:
Note:
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