高盛开始以买入评级报道，Similarweb上涨

Similarweb (NYSE:SMWB) shares rose 3.9% in premarket trading on Wednesday as Goldman Sachs started coverage on the web analytics company with a Buy rating and $16 price target.

"Through new product initiatives (Similarweb 3.0 platform), go-to-market improvements, and traction with Similarweb’s data-as-a-service offering for [large language models], growth acceleration across metrics (revenue, [current remaining performance obligations, trailing 12 months billings], customers) and improving margin expansion (GMs, contribution margin, FCF) lead us to be positive in what has generally been a growth deceleration environment for software," Goldman Sachs analyst Adam Hotchkiss wrote in a note to clients.

In addition, Similarweb has been able to leverage its data assets — including its direct contributor network, partnerships with internet service providers, content delivery networks and digital signal processors, and its analysis of web and app activity — to make itself "increasingly valuable" as generative artificial intelligence adds complexity and obscures visibility, Hotchkiss added.

"Similarweb’s independence in the space (given that larger companies like Google and Microsoft own competing search properties) limits disintermediation risk, while the diversified data sourcing and validation process differentiates the platform from what broad-based LLMs can provide businesses on their own," Hotchkiss explained.