Positive Outlook for Similarweb Driven by LLM Data Opportunity and Strategic Improvements
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Analyst Scott Berg from Needham maintains a Buy rating on Similarweb, with a $14.00 price target, citing the promising potential of its LLM data opportunity and strategic improvements. The company aims to capitalize on this opportunity, potentially generating $1 billion in revenue. Improvements in GTM strategies and retention programs are expected to boost sales and revenue retention. Barclays also maintains a Buy rating with a $12.00 price target.
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