Oppenheimer Reiterates Buy Rating for Similarweb Ltd.
Oppenheimer maintains its buy rating on Similarweb Ltd. with a $7 price target, a 36.19% upside from the current price.
Key Points
- Oppenheimer reiterated its buy rating for Similarweb Ltd. (NYSE:SMWB) on June 18, 2026, setting a price target of $7.
- Oppenheimer's $7 price target implies 36.19% upside from Similarweb Ltd.'s ($SMWB) current $5.14 share price.
- The stock is trading at $4.82 with a market cap of $437.1 million and a forward P/E of 20.8.
- Insiders, including CEO Or Offer, have been buying shares, and Wellington Management recently reduced its holdings by 34,676 shares.
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Oppenheimer has maintained its buy rating on Similarweb Ltd. (NYSE:SMWB), with analyst Ken Wong setting a price target of $7 on June 18, 2026. The stock is currently trading at $4.82.
Oppenheimer vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Oppenheimer's Similarweb Ltd. Position
Oppenheimer's reaffirmation of its buy rating comes with a new price target of $7, highlighting continued confidence in Similarweb's potential. The previous target was not disclosed, but the current target suggests optimism about the company's future performance.
Other Institutional Activity in Similarweb Ltd.
Among Similarweb's institutional investors, Wellington Management Group LLP reduced its stake by 34,676 shares, leaving it with 2,966,757 shares valued at approximately $7.74 million. Other major holders like Naspers Ltd. and Viola Ventures V.C. Management 4 Ltd. kept their positions steady, with Naspers holding 11,173,265 shares worth about $29.16 million.
Similarweb Ltd. Stock Down 43.4%
Shares of NYSE:SMWB are trading near $4.82. Similarweb Ltd. has a market cap of $437.1 million and a forward P/E ratio of 20.8. The stock has a 52-week low of $2.22 and a high of $10.75, with moving averages of $3.48 over 50 days and $5.77 over 200 days. The company has a beta of 1.261, indicating higher volatility compared to the market.
$SMWB price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Similarweb reported revenue of $289.4 million, reflecting a growth rate of 10.1%. However, the company is not yet profitable, with a net margin of -10.38% and a return on equity of -134.06%. The next earnings report is expected on August 18, 2026.
Insider Buying and Selling at Similarweb Ltd.
Recent insider activity shows CEO Or Offer buying shares on several occasions, including 50,000 shares at $4.15 on June 1, 2026. Other insiders like Eilam Barak and Beit-On Harel Moshe have also made significant purchases, indicating confidence in the company's prospects.
Analysts Set New Price Targets
On June 18, 2026, Oppenheimer maintained its buy rating with a $7 target. Barclays also maintained a buy rating with a $5 target on April 21, 2026. Meanwhile, Citigroup downgraded the stock to hold, with a $3 target on April 10, 2026. The consensus among six analysts is a buy, with a mean target price of $4.75.
About Similarweb Ltd.
Similarweb Ltd., headquartered in Givatayim, Israel, provides digital data and analytics solutions for businesses worldwide. The company helps clients benchmark performance, analyze market trends, and optimize digital strategies. Led by CEO Or Offer, Similarweb employs around 1,000 people, serving various sectors including retail, finance, and tech.
Bottom Line
Oppenheimer's reiterated buy rating and $7 target reflect a positive outlook for Similarweb Ltd. Investors closely watch analyst ratings and insider activity for insights into the company's potential. It's important to remember that these ratings are based on past performance and projections, and may not represent current conditions.
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