Citigroup Begins Coverage on Similarweb (NYSE:SMWB)

Citigroup initiated coverage on shares of Similarweb (NYSE:SMWB) in a research note published on Monday morning, The Fly reports. The brokerage issued a buy rating on the stock.

SMWB has been the topic of a number of other reports. JMP Securities began coverage on shares of Similarweb in a research note on Monday. They issued an outperform rating and a $29.00 price objective on the stock. Barclays began coverage on shares of Similarweb in a research note on Monday. They issued an equal weight rating and a $24.00 price objective on the stock. Finally, Jefferies Financial Group began coverage on shares of Similarweb in a research note on Monday. They issued a hold rating and a $23.00 price objective on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $27.67.

NYSE:SMWB opened at $21.80 on Monday. Similarweb has a 52 week low of $19.75 and a 52 week high of $22.99.

Similarweb Company Profile

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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