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Similarweb (SMWB) Shares Soar 10.71% on 15% Revenue Growth
Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 9, 2025 8:32 pm ET1min read
Similarweb (SMWB) shares surged by 10.71%, marking a significant rebound after hitting its lowest level since August 2024, with an intraday decline of 4.07%.
Similarweb Ltd. (SMWB) has reported a robust 15% annual revenue growth, which has been a key driver for the recent surge in its stock price. The company's strategic focus on AI-driven expansion has also garnered investor confidence, despite short-term profit challenges. This positive outlook has been further bolstered by Citigroup's decision to raise their price target for
shares from $14.00 to $22.00, reflecting a strong belief in the company's future prospects.
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