JPMorgan Chase & Co. began coverage on shares of Similarweb (NYSE:SMWB) in a report published on Monday, PriceTargets.com reports. The brokerage issued an overweight rating and a $31.00 price target on the stock.
Several other equities analysts have also issued reports on the company. JMP Securities assumed coverage on Similarweb in a research report on Monday. They set an outperform rating and a $29.00 target price for the company. Barclays assumed coverage on shares of Similarweb in a report on Monday. They set an equal weight rating and a $24.00 price objective for the company. Citigroup assumed coverage on shares of Similarweb in a report on Monday. They issued a buy rating on the stock. William Blair began coverage on shares of Similarweb in a report on Monday. They issued an outperform rating for the company. Finally, Jefferies Financial Group began coverage on Similarweb in a research note on Monday. They set a hold rating and a $23.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Similarweb presently has an average rating of Buy and a consensus target price of $27.67.
Shares of Similarweb stock opened at $21.80 on Monday. Similarweb has a 12 month low of $19.75 and a 12 month 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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