Barclays lowered the firm’s price target on Similarweb (SMWB) to $10 from $15 and keeps an Overweight rating on the shares. The company reported solid Q1 results, highlighted by a revenue beat and improving customer growth, the analyst tells investors in a research note. The firm expects investors “are keen to understand” the anticipated return on investment from Similarweb’s recent headcount investments, which are expected to drive improved growth in the second half of 2025.
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