Similarweb stock price has soared and has a 21% upside
Similarweb's stock price performed well in 2024 as the company's business gained momentum. SMWB rose by over 170%, bringing its valuation to over $1.2 billion.
Goldman Sachs Initiates Similarweb Coverage, Product Upgrades Inspire Bullish Take
Goldman Sachs analyst Adam Hotchkiss initiated coverage on Similarweb Ltd SMWB with a Buy rating and a price target of $16.
Similarweb: Rating Downgrade As Upside Is Not Attractive Anymore
Downgrade from buy to hold due to valuation; recommend locking in gains (~69% over 4 months) as upside is now limited. 3Q24 earnings: 18% revenue growth, 470 bps adj EBIT margin expansion, adj EPS of $0.05, beating estimates. Fundamentals strong: 101% net retention rate, focus on large enterprise accounts, and multiyear deals driving revenue visibility.
Similarweb Ltd. (SMWB) Q3 2024 Earnings Call Transcript
Similarweb Ltd. (NYSE:SMWB ) Q3 2024 Earnings Conference Call November 13, 2024 8:03 AM ET Company Participants Rami Myerson - Vice President, Investor Relations Or Offer - CEO and Co-Founder Jason Schwartz - CFO Conference Call Participants Ryan MacWilliams - Barclays Jason Helfstein - Oppenheimer & Co. Arjun Bhatia - William Blair Scott Berg - Needham & Company Surinder Thind - Jefferies Patrick Walravens - Citizens JMP Tyler Radke – Citi Operator Greetings, and welcome to the Similarweb Third Quarter 2024 Earnings Call.
Similarweb (SMWB) Q3 Earnings Miss Estimates
Similarweb (SMWB) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.04 per share. This compares to break-even earnings per share a year ago.
Similarweb Analyst Initiates Coverage, Praises Firm For 'Rapidly Improving Profitability'
Shares of Similarweb Ltd SMWB have climbed almost 77% year to date.
Similarweb: Rating Upgrade Fueled By Improved Revenue Retention
Upgrading Similarweb to ‘Buy' due to improved revenue quality, net revenue retention, and margin profile, despite competitive pressures and modest revenue growth. Similarweb's operating expenses have stabilized, indicating a shift to sustainable growth. Competitive pressures from rivals like Semrush remain a concern, but Similarweb's focus on high-ticket, high-retention customers could drive future revenue and valuation multiples.
Similarweb (SMWB) is on the Move, Here's Why the Trend Could be Sustainable
Similarweb (SMWB) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
Are You Looking for a Top Momentum Pick? Why Similarweb (SMWB) is a Great Choice
Does Similarweb (SMWB) have what it takes to be a top stock pick for momentum investors? Let's find out.
Recent Price Trend in Similarweb (SMWB) is Your Friend, Here's Why
If you are looking for stocks that are well positioned to maintain their recent uptrend, Similarweb (SMWB) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
Wall Street Analysts Believe Similarweb (SMWB) Could Rally 36.82%: Here's is How to Trade
The consensus price target hints at a 36.8% upside potential for Similarweb (SMWB). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Similarweb: The Market Under Appreciates On-Going Performance Improvements
Similarweb's business continues to improve with strong free cash flow and profitability. Similarweb guided to much higher profits and slightly increased revenue, showing good prospects despite general market concerns about IT spending. The company's potential to become non-cyclical in a recession could provide additional upside surprises, along with delivering digital data for big tech large language models.
