
SimilarWeb Ltd (SMWB) Stock Forecast & Price Target
SimilarWeb Ltd (SMWB) Analyst Ratings
Bulls say
Similarweb Ltd demonstrates significant growth potential as it is projected to grow its FY24-FY26E gross profit at a rate 55% faster than its peers, operating at a 48% discount with an assumed multiple of 5x FY26E gross profit. The company benefits from its industry-leading datasets and user-friendly platform, which facilitate the acquisition of new customers and enhance opportunities for upselling to existing clients as use cases expand. Additionally, retention metrics are expected to improve as larger customers increase their spending over time, indicative of a strengthening customer base and revenue stability.
Bears say
The fundamental reasons for the negative outlook on Similarweb's stock are rooted in potential challenges related to customer growth and the reliability of its metrics. There are concerns that the introduction of new technologies and data could lead to a decline in customer acquisition, further compounded by vulnerabilities associated with changing search engine algorithms that may diminish the value of Similarweb’s website measurement services. Additionally, despite a 13% increase in the count of large customers with annual recurring revenue exceeding $100,000, these growth factors may not offset the overarching risks posed by market dynamics and competition.
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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