Citi Upgrades Similarweb Shares to Buy, Sets Price Target at $10
In an optimistic turn for Similarweb Ltd (NYSE:SMWB), Citi has upgraded the data-as-a-service company's stock from Neutral to Buy, with a substantial increase in the price target to $10.00, up from the prior $6.00. This decision by Citi comes on the heels of Similarweb's impressive fourth-quarter performance, showcasing notable growth metrics and execution that hint at a bright future for the company in 2024.
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