Citigroup has lowered its price target for Similarweb (NYSE:SMWB) from $11.00 to $8.50, although it maintained a “Buy” rating, suggesting a significant upside. Despite beating EPS estimates, Similarweb remains unprofitable, with revenue missing expectations. Analyst sentiment for SMWB is mixed, resulting in a consensus “Hold” rating and an average price target of $8.14.
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Citigroup Cuts Similarweb (NYSE:SMWB) Price Target to $8.50
Citigroup has lowered its price target for Similarweb (NYSE:SMWB) from $11.00 to $8.50, although it maintained a “Buy” rating, suggesting a significant upside. Despite beating EPS estimates, Similarweb remains unprofitable, with revenue missing expectations. Analyst sentiment for SMWB is mixed, resulting in a consensus “Hold” rating and an average price target of $8.14.