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Analysts have recently lifted their central fair value estimate for Similarweb from US$4.75 to US$5.80, and several firms now cite a US$7 price target in their research. They link this higher range to Similarweb crossing US$300m in annual recurring revenue and securing two seven figure multi year enterprise contracts that are now feeding into updated models. As you read on, you will see how these shifts in price targets connect to the evolving analyst narrative and what to watch next.

Analyst Price Targets don't always capture the full story. Head over to our Company Report to find new ways to value Similarweb.

What Wall Street Has Been Saying

🐂 Bullish Takeaways

• Oppenheimer raised its Similarweb price target to US$7 from US$4, pointing to the company surpassing US$300m in annual recurring revenue and closing two seven figure multi year enterprise contracts as support for its Outperform rating.

• Oppenheimer notes that these large deals gave management more confidence in the FY26 outlook and led the firm to adjust Q2 and FY26 estimates upward, which many investors read as support for Similarweb's longer term growth ambitions.

• Citi also lifted its Similarweb price target to US$7 from US$3, which aligns headline valuation expectations across two different research houses around a similar fair value level.

🐻 Bearish Takeaways

• Citi keeps a Neutral rating even after raising its target, which suggests the firm still sees a balance of risks and rewards at current levels rather than a clear upside skew.

• Oppenheimer highlights that official guidance was not updated alongside the new contracts, so investors are still relying on management commentary and revised analyst models instead of formal changes to Similarweb's outlook.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives!

We've flagged 1 risk for Similarweb. See which could impact your investment.

How This Changes the Fair Value For Similarweb

• Fair value updated from US$4.75 to US$5.80, a rise of around 22% as the new central valuation estimate.

• Revenue growth assumption revised from 9.17% to 9.70% in refreshed models.

• Net profit margin adjusted from 2.25% to 2.22% in long term forecasts.

• Future P/E multiple moved from 73.58x to 89.57x in the updated framework.

• Discount rate shifted from 10.96% to 10.84% in analyst valuation work.