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Similarweb (NYSE:SMWB) saw its price target cut from $15.00 to $13.00 by Goldman Sachs, maintaining a "buy" rating, indicating a potential upside of 54.76%. Analysts have mixed views, with a consensus rating of "Buy" and a target price of $16.13, while the stock traded at $8.40 recently. The company reported a loss of $0.07 EPS, missing estimates, and has a negative net margin of 4.58%.
Goldman Sachs analysts see potential in select software stocks despite a market downturn, highlighting companies like Vertex, Workiva, Olo, and Smart WFM for their growth and margin expansion prospects. The firm notes that while the median stock in their small to mid-cap software coverage has dropped 18% year-to-date, these companies are increasing growth investments ahead of a stronger second half. Additionally, Similarweb reported mixed earnings, missing EPS expectations but slightly exceeding revenue forecasts, while facing weaker guidance for the upcoming quarter.
Barclays analyst Raimo Lenschow has reaffirmed an Overweight rating on Similarweb Ltd, maintaining a price target of $15, despite the stock currently trading at $9.37. The company recently raised prices for its Web Intelligence and Sales Intelligence products, which are expected to gradually impact revenue as contracts renew. Although Similarweb's fourth-quarter earnings missed expectations, it reported a slight revenue increase and projected full-year growth for 2025, despite a weaker outlook for the upcoming quarter.
Similarweb Ltd.
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analysts lower similarweb price target amid mixed ratings and performance
17:19 29.03.2025
goldman identifies software stocks with growth potential amid market downturn
11:12 28.03.2025
barclays maintains overweight rating on similarweb with price target of fifteen dollars
19:34 25.02.2025
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