Buy Rating on Similarweb: Strong AI-Driven Growth and Attractive Valuation
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William Blair analyst Arjun Bhatia has maintained a Buy rating on Similarweb (SMWB) stock, citing strong AI-driven growth and attractive valuation. The company reported revenue growth in line with expectations and exceeded profitability guidance, demonstrating effective cost management. Similarweb's focus on AI solutions and strategic hiring is expected to enhance productivity. Despite a recent stock price dip, it remains attractively valued compared to peers. Oppenheimer also issued a Buy rating with a $12.00 price target.
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