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Goldman Sachs analyst Adam Hotchkiss initiated coverage on Similarweb Ltd SMWB with a Buy rating and a price target of $16.Similarweb’s historical growth and profitability challenges have generally driven a growth-relative discount for the company’s shares to similar growth software companies, Hotchkiss noted. But recent go-to-market initiatives (i.e., Similarweb 3.0) are likely to drive sustainable mid-to-high teens growth with improving margins. This likely will lead to share price outperformance over the ...

I gave a buy rating to Similarweb (NYSE: SMWB ) in July, with my key thesis being that the business has a strong competitive advantage against peers, stemmed from its ability to source and synthesize data alongside itsI'm a passionate investor with a strong foundation in fundamental analysis and a keen eye for identifying undervalued companies with long-term growth potential. My investment approach is a blend of value investing principles and a focus on long-term growth. I believe in buying quality companie ...

Similarweb Ltd. (NYSE:SMWB) Q3 2024 Earnings Conference Call November 13, 2024 8:03 AM ET Company Participants Rami Myerson - Vice President, Investor Relations Or Offer - CEO and Co-Founder Jason Schwartz - CFO Conference Call Participants Ryan MacWilliams - Barclays Jason Helfstein - Oppenheimer & Co. Arjun Bhatia - William Blair Scott Berg - Needham & Company Surinder Thind - Jefferies Patrick Walravens - Citizens JMP Tyler Radke – Citi Operator Greetings, and welcome to the Similarweb Third Quarter 2024 ...

Similarweb (SMWB) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.04 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -75%. A quarter ago, it was expected that this digital intelligence company would post earnings of $0.02 per share when it actually produced earnings of $0.03, delivering a surprise of 50%.Over the last four quarters, ...

Shares of Similarweb Ltd SMWB have climbed almost 77% year to date.The company's revenue growth is accelerating, "driven by returning demand and abating down sell activity," according to Needham.Analyst Scott Berg initiated coverage with a Buy rating and price target of $11.The Similarweb Thesis: Apart from revenue growth, the company's operating model is driving "rapidly improving profitability," Berg said in the initiation note.Check out other analyst stock ratings."We believe Similarweb is an early leade ...

Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Our ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...