Why Did Similarweb Shares Surge 11.01%?

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.