Citi lowered the firm’s price target on Similarweb (SMWB) to $11 from $13 and keeps a Buy rating on the shares. The firm cites reduced second half of the year sales estimates for the target cut.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMWB:
- Strategic Revenue Model Adjustments and Growth Prospects Support Buy Rating for Similarweb
- Similarweb Announces 2025 Annual General Meeting Details
- Google (GOOGL) Ups Pressure on Publishers with AI Summaries in Its Discover Feed
- Walmart (WMT) Launches 6 Days of Deals to Seize Amazon Prime Day Spend
- Google’s (GOOGL) AI Tools Are Causing Sharp Drops in Traffic to News Websites