J.P. Morgan Sticks to Its Buy Rating for Similarweb (SMWB)

J.P. Morgan analyst Noah R. Herman maintained a Buy rating on Similarweb (SMWBResearch Report) on August 10 and set a price target of $19.00. The company’s shares closed last Friday at $8.43.

R. Herman covers the Technology sector, focusing on stocks such as EverCommerce, ON24, and Similarweb. According to TipRanks, R. Herman has an average return of 25.8% and an 88.89% success rate on recommended stocks.

Similarweb has an analyst consensus of Strong Buy, with a price target consensus of $17.50, representing a 107.59% upside. In a report released on August 11, Barclays also maintained a Buy rating on the stock with a $14.00 price target.

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SMWB market cap is currently $640.1M and has a P/E ratio of -7.12.

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Similarweb Ltd provides a platform for digital intelligence, delivering a view of the digital world that empowers its customers to be competitive in markets.

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