Similarweb (NYSE:SMWB) Sets New 1-Year High Following Analyst Upgrade

Similarweb Ltd. (NYSE:SMWB – Get Free Report) reached a new 52-week high during trading on Thursday after Citigroup raised their price target on the stock from $10.00 to $14.00. Citigroup currently has a buy rating on the stock. Similarweb traded as high as $11.60 and last traded at $11.54, with a volume of 52390 shares [...]

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Similarweb Ltd. ( NYSE:SMWB – Get Free Report ) reached a new 52-week high during trading on Thursday after Citigroup raised their price target on the stock from $10.00 to $14.

00. Citigroup currently has a buy rating on the stock. Similarweb traded as high as $11.



60 and last traded at $11.54, with a volume of 52390 shares changing hands. The stock had previously closed at $11.

12. SMWB has been the subject of several other reports. Northland Capmk upgraded Similarweb to a “strong-buy” rating in a report on Tuesday, September 10th.

William Blair restated an “outperform” rating on shares of Similarweb in a report on Monday, September 9th. Barclays increased their price target on Similarweb from $9.00 to $10.

00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 price target on shares of Similarweb in a report on Wednesday, August 7th.

Finally, Needham & Company LLC increased their price target on Similarweb from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday.

Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $12.

86. Get Our Latest Report on SMWB Institutional Inflows and Outflows Similarweb Price Performance The firm has a 50-day moving average of $9.02 and a 200 day moving average of $8.

12. The stock has a market capitalization of $958.90 million, a price-to-earnings ratio of -107.

73 and a beta of 0.84. Similarweb Company Profile ( Get Free Report ) Similarweb Ltd.

provides cloud-based digital intelligence solutions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally. The company offers digital research intelligence solutions for its customers to benchmark performance against competitors and market leaders, analyze trends in the market, conduct deeper research into specific companies, and analyze audience behavior; and digital marketing intelligence solutions for its customers to understand their competitors' online acquisition strategies in each marketing channel, and optimize their own strategies. Read More Five stocks we like better than Similarweb What is an Earnings Surprise? 3 GARP Stocks Offering Strong Growth: Aptiv, Allstate, Barrick Where Do I Find 52-Week Highs and Lows? Mouse Rising: The Iger Investment Pays Off for Disney Investors Insider Trading – What You Need to Know Can CAVA Stock Be the Next Chipotle? Earnings Can Help Receive News & Ratings for Similarweb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Similarweb and related companies with MarketBeat.

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