|Over a week ago|
Similarweb initiated with an Outperform at Oppenheimer » 08:0106/0706/07/21
Oppenheimer analyst Jason…
Oppenheimer analyst Jason Helfstein initiated coverage of Similarweb with an Outperform rating and $27 price target. Noting that Similarweb analyzes 3B daily digital interactions/transactions across websites/apps providing insights for 2,874 paying customers, the analyst points out that the company has invested $160M since full year 2018 to build a strong moat, including industry-leading datasets and technology platform, that has displaced legacy competitors, with R&D at 27% of revenue in full year 2021. With these advantages, a large TAM, and the shift-to-digital secular trend, Helfstein sees a "solid runway" for share gains.
Similarweb initiated with an Overweight at JPMorgan » 07:1706/0706/07/21
JPMorgan analyst Sterling…
JPMorgan analyst Sterling Auty initiated coverage of Similarweb with an Overweight rating and $31 price target. The company provides data for the digital transformation, Auty tells investors in a research note.
Similarweb initiated with an Outperform at William Blair » 07:1506/0706/07/21
William Blair analyst…
William Blair analyst Bhavan Suri initiated coverage of Similarweb with an Outperform rating and no price target. Similarweb is a "high-growth" digital data intelligence software platform that helps businesses become more data driven in their decision-making, Suri tells investors in a research note. The analyst believes the company has the potential to be a sustainable 30% grower over the coming years.
Similarweb initiated with a Buy at Citi » 06:4806/0706/07/21
Citi analyst Tyler Radke…
Citi analyst Tyler Radke initiated coverage of Similarweb with a Buy rating and $32 price target. SimilarWeb's "differentiated" alternative data platform is poised to benefit as organizations spend more on broader digitization and data-driven initiatives, Radke tells investors in a research note. The analyst believes the company's growth is likely to reaccelerate in the near-term driven by easing comps post Covid and increased go-to-market investments.
Similarweb initiated with an Outperform at JMP Securities » 06:1506/0706/07/21
JMP Securities analyst…
JMP Securities analyst Patrick Walravens initiated coverage of Similarweb with an Outperform rating and $29 price target. The company is pursuing a large addressable market that it currently estimates to be about $34B and also offers an "attractive" growth profile with revenue up 37% and 32% in the past two years, the analyst tells investors in a research note. Walravens adds that Similarweb also features an "impressive breadth of verticals" that include consumer goods, retail, financial services, media, and technology.
Similarweb initiated with an Equal Weight at Barclays » 06:1306/0706/07/21
Barclays analyst Raimo…
Barclays analyst Raimo Lenschow initiated coverage of Similarweb with an Equal Weight rating and $24 price target. The analyst likes SimilarWeb's positioning in an "attractive" scaling market but sees limited opportunity for outperformance at current valuation levels.
Similarweb initiated with a Hold at Jefferies » 04:4906/0706/07/21
Jefferies analyst Brent…
Jefferies analyst Brent Thill initiated coverage of Similarweb with a Hold rating and $23 price target. The company is a leader in the digital intelligence space, benefiting from the digital transformation "tailwind sweeping the global economy," Thill tells investors in a research note. However, Similarweb's profitability timeline is "several years away," creating a fair valuation at current share levels, adds the analyst.
Opening Day: Payment startup dLocal raises $618M in IPO » 08:2306/0506/05/21
CMSL, WKME, PAY, FLYW, DLO, FLGC, GLBE, SMWB, EJH, DBGI, VERA, QNIU, SVFD, RGCB, ELEV, DNUT, AMZN, F, GS, JPM, MS, UBER, LYFT
Payment startup dLocal…
|Over a month ago|
Opening Day: E-commerce company Global-e valued at $3.6B in debut » 07:3505/1505/15/21
VERA, DBGI, EJH, SMWB, GLBE, IPW, FLGC, DV, PATH, NPCE, RAIN, SWIM, TMCI, SQSP, QNIU, SVFD, RGCB, CMSL, UBER, LYFT, SBUX, HCG, GNW, MS
Global-e Online opened 3%…
Similarweb opens at $20.76, IPO priced at $22 » 13:0305/1205/12/21
Similarweb (SMWB) priced…
Similarweb (SMWB) priced 8M shares at $22.00, above the $19.00-$21.00 range. JPMorgan, Citi, Barclays and Jefferies acted as joint book running managers for the offering. Similarweb is a digital data analytics company that says its platform helps "business leaders, strategy teams, analysts, marketers, category managers, salespeople and investors" to "quickly and efficiently discover the best business opportunities, identify potential competitive threats and make critical decisions to capture market share and grow revenues."