Barclays has decided to maintain its Overweight rating of Similarweb SMWB and raise its price target from $8.00 to $9.00.
Shares of Similarweb are trading up 6.61% over the last 24 hours, at $8.06 per share.
A move to $9.00 would account for a 11.66% increase from the current share price.
About Similarweb
Similarweb Ltd provides a platform for digital intelligence, delivering a trusted, comprehensive, and detailed view of the digital world that empowers customers to accelerate their growth and become more competitive in the markets. Its proprietary technology analyzes billions of digital interactions and transactions every day from millions of websites and apps and turns these digital signals into actionable insights. The company generates revenues mainly from SaaS subscriptions, which comprise subscription fees from customers utilizing cloud-based digital intelligence solutions and other subscription-based solutions. Geographically, the majority is derived from the United States.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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