Citigroup assumed coverage on shares of Similarweb (NYSE:SMWB) in a report published on Monday morning, The Fly reports. The brokerage issued a buy rating on the stock.
A number of other research analysts have also weighed in on the company. Barclays began coverage on Similarweb in a report on Monday. They set an equal weight rating and a $24.00 target price on the stock. JMP Securities began coverage on Similarweb in a report on Monday. They set an outperform rating and a $29.00 target price on the stock. Finally, Jefferies Financial Group began coverage on Similarweb in a report on Monday. They set a hold rating and a $23.00 target price on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Similarweb currently has a consensus rating of Buy and an average target price of $27.67.
NYSE:SMWB opened at $21.80 on Monday. Similarweb has a twelve month low of $19.75 and a twelve month high of $22.99.
Similarweb Ltd. provides website traffic solutions through AI-driven data analytics worldwide. It offers digital research intelligence solutions that allow senior leaders, strategy, business intelligence, and consumer insights teams 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 solutions, which enable marketing leaders, search engine optimization, and content managers, pay-per-click, performance marketers, affiliate marketers, and media buyers to understand their competitors' online acquisition strategies in each marketing channel.
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