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Stock impact report

Wall Street Firms Bullish on Similarweb Ltd (SMWB) on Improving Industry Trends [Yahoo! Finance]

Similarweb Ltd. Ordinary Shares (SMWB) 
Company Research Source: Yahoo! Finance
reiterated a Market Outperform rating on Similarweb Ltd (NYSE:SMWB) and maintained a $17 price target. Copyright: fotomaximum / 123RF Stock Photo The research firm remains optimistic about the company's outlook, impressed by its leading digital intelligence product suite, complemented by GenAI Intelligence and data-selling capabilities for large language models. Likewise, it has touted the company's long-term prospects while targeting a large total addressable market of $55 billion. Nevertheless, Citizens' analysts have also raised concerns over longer sales cycles as the industry transitions from search engine optimization to generative engine optimization. The company could also come under pressure owing to possible spending adjustments by enterprise accounts following Adobe's pending acquisition of Semrush. On the other hand, analysts at Oppenheimer reiterated an Outperform rating on the stock but cut the price target to $10 from $12 on December 17. The price target adjustm Show less Read more
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