Needham Initiates Coverage On Similarweb with Buy Rating, Announces Price Target of $11
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Scott Berg has initiated coverage on Similarweb (NYSE:SMWB) with a Buy rating and set a price target of $11.
October 21, 2024 | 10:37 am
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POSITIVE IMPACT
Needham has initiated coverage on Similarweb with a Buy rating and a price target of $11, indicating a positive outlook for the stock.
The initiation of coverage with a Buy rating and a specific price target by a reputable analyst can positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100