Why Did Similarweb Shares Surge 11.01%?

Mover TrackerThursday, Apr 17, 2025 6:23 am ET

1min read

SMWB --

Similarweb Ltd. (SMWB) shares surged 11.01% in pre-market trading on April 17, 2025, driven by a mix of positive analyst ratings and strategic financial forecasts.

Analysts from goldman sachs and JMP Securities have maintained a "buy" rating on similarweb, with JMP Securities setting a target price of $14. This positive sentiment from key analysts has likely contributed to the stock's recent upward momentum.

Additionally, Similarweb's financial outlook for the fiscal year 2025 is optimistic, with projected sales ranging from $285.000 million to $288.000 million. This forecast aligns closely with analyst estimates, further bolstering investor confidence in the company's growth prospects.

Comments

Add a public comment...

Post

Refresh

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.

You Can Understand News Better with AI.

Whats the News impact on stock market?

Its impact is

AInvest

Aime Coplilot

Invest Smarter With AI Power.

Open App