
SimilarWeb Ltd (SMWB) Stock Forecast & Price Target
SimilarWeb Ltd (SMWB) Analyst Ratings
Bulls say
Similarweb Ltd is experiencing improved customer retention due to a strategic shift in their Customer Success team, which has taken on responsibility for renewals, indicating a commitment to maintaining client relationships. The company's revenue growth outlook remains strong, with expectations to outperform peers by growing FY24-FY26E gross profit at a rate 55% faster than the industry average, suggesting significant market demand for its digital analytics services. Additionally, Similarweb's total addressable market (TAM) is anticipated to expand as digital channel engagement continues to rise across both B2C and B2B sectors, creating a favorable environment for sustained revenue growth.
Bears say
Similarweb’s stock outlook is negatively impacted by potential declines in customer growth due to emerging technologies and competition in the digital analytics sector. Additionally, changes in search engine algorithms and other traffic-generating arrangements could threaten the reliability of Similarweb's website measurement metrics, thereby affecting revenue consistency. Furthermore, macroeconomic challenges may hinder sales cycles and increase customer churn, leading to reduced revenue from both new and existing clients.
This aggregate rating is based on analysts' research of SimilarWeb Ltd and is not a guaranteed prediction by Public.com or investment advice.
SimilarWeb Ltd (SMWB) Analyst Forecast & Price Prediction
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