Northland Downgrades Similarweb Ltd (SMWB) to Market Perform

Northland analyst Luke Horton downgraded Similarweb Ltd (NYSE: SMWB) from Outperform to Market Perform with a price target of $5.00 (from $14.00).

The analyst commented: "SMWB reported 4Q25 revenue of $72.8M, up 11% y/y (vs NCM at $76.1M) and non-GAAP EBIT of $3.4M, up from $2.6M y/y (vs NCM at $3.3M). The revenue miss was largely attributable to timing of two large LLM data training contracts that did not close in 4Q, but remain in the pipeline. Mgmt also cited some "broader market weakness" and "execution shortfalls" that led to the sizable miss and softer than expected FY26 guidance. We are downgrading to MP with a $5 PT."

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 $3.90 yesterday.

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