Goldman Sachs initiated coverage of Similarweb (SMWB) with a Buy rating and $16 price target Similarweb is a leading digital research, marketing, and sales intelligence platform, the analyst tells investors in a research note. The firm says that through new product initiatives, go-to-market improvements, and traction with Similarweb’s data-as-a-service offering, growth acceleration across metrics and improving margin expansion lead it to be positive in what has generally been a growth deceleration environment for software.
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Read More on SMWB:
- Similarweb management to meet with Needham
- Similarweb management to meet with JMP Securities
- Similarweb price target raised to $17 from $15 at Northland
- Similarweb price target raised to $17 from $16 at JMP Securities
- Similarweb price target raised to $14 from $10 at Citi
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
