UPDATE: William Blair Starts Similarweb Ltd (SMWB) at Outperform

William Blair analyst Bhavan Suri initiates coverage on Similarweb Ltd (NYSE: SMWB) with a Outperform rating.

The analyst comments "Founded in 2009, Similarweb is a digital data intelligence software platform that helps businesses become more data driven in their decision-making. The company’s web intelligence solution is used by enterprises to better understand their competition, their market, and their customers. Similarweb’s revenue run-rate is almost $120 million today, growing 43% in the first quarter of 2021. We believe the company has the potential to be a sustainable 30% grower over the coming years."

For an analyst ratings summary and ratings history on Similarweb Ltd click here. For more ratings news on Similarweb Ltd click here.

Shares of Similarweb Ltd closed at $21.79 yesterday.

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