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SEMrush Holdings Inc has a consensus price target of $15.38 based on the ratings of 9 analysts. The high is $21 issued by Keybanc on October 2, 2024. The low is $10 issued by Morgan Stanley on November 3, 2023. The 3 most-recent analyst ratings were released by Needham, Needham, and Goldman Sachs on November 11, 2024, October 29, 2024, and October 7, 2024, respectively. With an average price target of $17.33 between Needham, Needham, and Goldman Sachs, there's an implied 24.88% upside for SEMrush Holdings Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for SEMrush Hldgs (NYSE:SEMR) was reported by Needham on November 11, 2024. The analyst firm set a price target for $18.00 expecting SEMR to rise to within 12 months (a possible 29.68% upside). 19 analyst firms have reported ratings in the last year.
The latest analyst rating for SEMrush Hldgs (NYSE:SEMR) was provided by Needham, and SEMrush Hldgs reiterated their buy rating.
The last upgrade for SEMrush Holdings Inc happened on February 7, 2024 when Jefferies raised their price target to $15. Jefferies previously had a hold for SEMrush Holdings Inc.
The last downgrade for SEMrush Holdings Inc happened on January 9, 2024 when Piper Sandler changed their price target from N/A to $14 for SEMrush Holdings Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of SEMrush Hldgs, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for SEMrush Hldgs was filed on November 11, 2024 so you should expect the next rating to be made available sometime around November 11, 2025.
While ratings are subjective and will change, the latest SEMrush Hldgs (SEMR) rating was a reiterated with a price target of $18.00 to $18.00. The current price SEMrush Hldgs (SEMR) is trading at is $13.88, which is out of the analyst’s predicted range.
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