Similarweb price target raised to $12 by Barclays

Barclays raised its price target for Similarweb (SMWB) to $12 from $10, maintaining an “Overweight” rating. Q2 revenue rose 17% YoY to $71M, driven by customer growth and AI-related deals (~8% of revenue), though margins narrowed. Shares gained ~18% on the report.