Positive Outlook for Similarweb Driven by LLM Data Opportunity and Strategic Improvements

Tip Ranks
2025.11.17 10:35
portai
I'm PortAI, I can summarize articles.

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.

Analyst Scott Berg from Needham reiterated a Buy rating on Similarweb and keeping the price target at $14.00.

Meet Your ETF AI Analyst

  • Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
  • Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.

Scott Berg’s rating is based on the promising potential of Similarweb’s large language model (LLM) data opportunity. The company is poised to capitalize on this opportunity, which management believes could evolve into a significant revenue stream, potentially reaching $1 billion. This optimism is supported by the current engagement with three major tech companies, although the revenue may initially be uneven as it undergoes validation.
Additionally, Scott Berg notes improvements in Similarweb’s go-to-market (GTM) strategies, which are expected to enhance new sales in the fourth quarter and continue into fiscal year 2026. The company is also experiencing early success with changes in its retention programs, which could lead to improved revenue retention. These factors collectively contribute to the positive outlook and the Buy rating for Similarweb’s stock.

In another report released on November 13, Barclays also maintained a Buy rating on the stock with a $12.00 price target.

Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.