JMP Securities initiated coverage on shares of Similarweb (NYSE:SMWB) in a report published on Monday morning, Analyst Price Targets reports. The firm issued an outperform rating and a $29.00 price objective on the stock.
Separately, Jefferies Financial Group began coverage on shares of Similarweb in a research note on Monday. They issued a hold rating and a $23.00 price target for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Similarweb currently has a consensus rating of Buy and a consensus target price of $27.67.
Shares of SMWB opened at $21.80 on Monday. Similarweb has a fifty-two week low of $19.75 and a fifty-two week high of $22.99.
Similarweb Ltd. provides website traffic solutions through AI-driven data analytics worldwide. It offers digital research intelligence solutions that allow senior leaders, strategy, business intelligence, and consumer insights teams to benchmark performance against competitors and market leaders, analyze trends in the market, conduct deeper research into specific companies, and analyze audience behavior; and digital marketing solutions, which enable marketing leaders, search engine optimization, and content managers, pay-per-click, performance marketers, affiliate marketers, and media buyers to understand their competitors' online acquisition strategies in each marketing channel.
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