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
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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.
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IMPORTANCE 90
RELEVANCE 100