Barclays raised the firm’s price target on Similarweb (SMWB) to $12 from $10 and keeps an Overweight rating on the shares after the company reported Q2 results that the firm sees reflecting benefits from its new sales reps, expansion of its larger customer base and “a growing opportunity to be a key data provider for customer’s looking to improve their Gen AI applications.” The firm’s higher target reflects increased confidence in medium-term growth opportunities and improving profitability, the analyst added.
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:
- Optimistic Growth and Strategic Investments Propel Similarweb to a Buy Rating
- Similarweb Reports Strong Q2 2025 Financial Results with 17% Revenue Growth
- Similarweb reports Q2 EPS 1c, consensus (1c)
- Similarweb reports Q2 net retention rate, NRR, of 100%
- Similarweb sees Q3 revenue $71.5M-$72.0M, consensus $72.6M