Similarweb (SMWB) Shares Soar 4% on Revenue Growth, Citigroup Upgrade

Similarweb (SMWB) shares rose to their highest level since April 2025 today, with an intraday gain of 4.00%.

The strategy of buying SMWB shares after they reach a recent high and holding for one week yielded strong results over the past five years. The strategy achieved an overall return of 97.36%, significantly outperforming the benchmark return of 56.28%. The excess return generated by the strategy was 41.08%, indicating that it delivered substantial gains relative to the benchmark. Moreover, the strategy's CAGR was 32.43%, which is a robust indicator of its compounding effectiveness. While the strategy had a maximum drawdown of -42.88%, it maintained a reasonable Sharpe ratio of 0.60, suggesting that the risk-adjusted returns were acceptable given the volatility of the strategy.

Similarweb Ltd (SMWB) reported a 14% revenue increase and successful product launches despite facing some operational challenges in Q1 2025. This indicates positive financial performance which could influence stock prices positively.

Citigroup boosted their price objective on Similarweb from $14.00 to $22.00 and gave the company a "buy" rating as of February 11th. This upgrade by a major financial institution could lead to increased investor confidence and potentially drive the stock price up.