Citi analyst Tyler Radke maintains $Similarweb (SMWB.US)$ with a buy rating, and adjusts the target price from $10 to $14.
According to TipRanks data, the analyst has a success rate of 53.1% and a total average return of 7.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Similarweb (SMWB.US)$'s main analysts recently are as follows:
The company's Q3 results demonstrated an uptick in sales growth, driven by increasing demand from larger enterprises and the emergence of generative artificial intelligence applications. The growth trajectory for Similarweb appears to remain robust.
Following recent quarterly results, analysts have observed the most significant top-line beat since Q2 2022 and the addition of another 8-figure customer. Analysts suggest that investors should pay closer attention to the company's narrative, especially considering its valuation in relation to 2026 sales projections. Analysts attribute the company's recent growth reacceleration to its product innovation, go-to-market initiatives, and customer engagement with its unique dataset, which is also being utilized for generative AI applications.
Note:
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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.
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