Similarweb (SMWB) an 'Attractive Opportunity for Capital Appreciation' - Citizens

Citizens analyst Patrick Walravens reiterated a Market Outperform rating and $17.00 price target on Similarweb Ltd (NYSE: SMWB).

The analyst commented, "Overall, we view Similarweb as an attractive opportunity for capital appreciation for a number of reasons, including: 1) the company is executing a multi-year transformation of its go-to-market model, with a focus on revenue growth; 2) the company is aggressively investing in AI-powered products, including Similarweb GenAI Intelligence, AI Agent, and selling Generative AI and LLM data, all of which we think represent a compelling opportunity; 3) it targets a large TAM estimated at $55B; 4) we continue to like long-term leadership of CEO Or Offer and the extensive experience of new CFO Ran Vered; and 5) we view the valuation as compelling as it trades at 2.0x 2026E EV/revenue."

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 $8.48 yesterday.

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