Northland analyst Luke Horton lowered the firm’s price target on Similarweb (SMWB) to $15 from $17 and keeps an Outperform rating on the shares. The outlook for Q2 came in a touch below the firm’s estimates, while FY25 guidance was maintained, reflecting the incremental investments in sales and R&D, says the analyst, who adds that “now it’s time to ramp and deliver.”
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