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.”
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMWB:
- Similarweb price target lowered to $10 from $15 at Barclays
- Similarweb Reports Strong Q1 2025 Growth
- Buy Recommendation for Similarweb: Strong Q1 Performance and Promising Growth Prospects
- Strong Q1 Performance and Attractive Valuation Drive Buy Rating for Similarweb
- Closing Bell Movers: Exelixis up 6% on earnings beat