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Similarweb downgraded to Market Perform from Outperform at Citizens

Citizens analyst Patrick Walravens downgraded Similarweb (SMWB) to Market Perform from Outperform without a price target The company reported a big revenue miss in Q4 and its guidance is worse than expected on both the top and bottom line, the analyst tells investors in a research note. The firm says Similarweb’s performance has been “very inconsistent” in 2024 and 2025. The company needs to string together a set of consistent results to reestablish its credibility with investors, contends Citizens.

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