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Similarweb downgraded to Neutral from Buy at Goldman Sachs

Goldman Sachs downgraded Similarweb (SMWB) to Neutral from Buy with a price target of $7.50, down from $10. The firm believes the company will be challenged to reaccelerate growth to levels needed for share outperformance. Similarweb’s core business growth metrics have been “stable-to-deteriorating” despite increased sales and marketing investments in the first half of 2025, which create risks for 2026 estimates, the analyst tells investors in a research note.

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