Semrush price target raised to $21 from $17 at Jefferies

Jefferies raised the firm’s price target on Semrush (SEMR) to $21 from $17 and keeps a Buy rating on the shares. The firm anticipates a slight beat in the company’s Q4 revenue and 2025 guidance targeting growth above 20% on increased traction with the enterprise platform. The near-term risk is high investor expectations with the stock up 47% year-to-date, the analyst tells investors in a research note.