Northland Securities analyst Luke Horton maintains $Similarweb (SMWB.US)$ with a buy rating, and maintains the target price at $15.
According to TipRanks data, the analyst has a success rate of 66.7% and a total average return of -6.3% 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 third-quarter results demonstrated a quickening pace in sales growth, fueled by increasing interest from larger enterprise clients and the burgeoning field of generative artificial intelligence applications. It is suggested that the company's momentum for growth is still robust.
Following quarterly results, there is a mention of the most significant top-line surplus since Q2 2022 and the acquisition of another customer with significant value. It is suggested that the Similarweb narrative deserves increased attention at its current enterprise value to sales ratio projected for 2026. The company's recent surge in growth is attributed to its product development, go-to-market strategies, and the customer's engagement with Similarweb's unique dataset for applications in generative AI.
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.
