JPMorgan Chase & Co. assumed coverage on shares of Similarweb (NYSE:SMWB) in a report released on Monday, Analyst Ratings Network reports. The firm issued an overweight rating and a $31.00 price objective on the stock.
A number of other research firms have also weighed in on SMWB. Barclays initiated coverage on shares of Similarweb in a research note on Monday. They set an equal weight rating and a $24.00 price objective for the company. JMP Securities initiated coverage on shares of Similarweb in a research report on Monday. They set an outperform rating and a $29.00 price target for the company. Citigroup began coverage on Similarweb in a research report on Monday. They issued a buy rating on the stock. William Blair initiated coverage on Similarweb in a report on Monday. They issued an outperform rating for the company. Finally, Jefferies Financial Group initiated coverage on Similarweb in a report on Monday. They set a hold rating and a $23.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $27.67.
Shares of NYSE:SMWB opened at $21.80 on Monday. Similarweb has a 1-year low of $19.75 and a 1-year 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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