Similarweb Shares Plunge 5.15% After Goldman Sachs Cuts Price Target
Generated by AI AgentAinvest Movers Radar
Tuesday, Apr 8, 2025 8:06 pm ET1min read
SMWB--
Similarweb (SMWB) shares plummeted by 5.15%, reaching their lowest level since August 2024, with an intraday decline of 5.72%.
One of the primary factors influencing the recent decline in Similarweb's stock price is the recent action by The Goldman Sachs GroupGTEK--. The investment bank reduced its price target for SimilarwebSMWB-- shares from $15.00 to $13.00, while maintaining a "buy" rating. This adjustment in the price target likely impacted investor sentiment, contributing to the fluctuations in the stock price.
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