Citigroup Upgrades Similarweb to Buy, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke upgraded Similarweb (NYSE:SMWB) from Neutral to Buy and increased the price target from $6 to $10.

February 15, 2024 | 12:38 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Citigroup upgraded Similarweb from Neutral to Buy and raised the price target from $6 to $10.
Upgrades by major financial institutions like Citigroup generally lead to positive investor sentiment and can cause a short-term increase in stock price. The significant raise in price target from $6 to $10 reflects a strong confidence in the company's future performance, likely influencing both current and potential investors to view SMWB more favorably.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100