Similarweb Ltd. (NYSE:SMWB) is one of the 11 most popular AI penny stocks to buy now. On February 19, Ken Wong from Oppenheimer cut down the target price for Similarweb Ltd. (NYSE:SMWB) from $7 to $4. The analyst reaffirmed his Outperform rating on the stock, which offers an adjusted upside potential of over 42%.
Wong reflected on the company’s recent fourth-quarter results, in which revenue of $72.8 million fell below consensus estimates of $76.4 million. This was predominantly due to delays in two large LLM deals. However, the analyst noted enhanced sales productivity, which caused EBIT to be consistent with forecasts.
Co-Founder and CEO of Similarweb Ltd. (NYSE:SMWB), Or Offer, highlighted the company’s strong positioning in the AI-driven world and healthy demand outlook. He further stated:
“The AI revolution fundamentally favors companies with proprietary, high-quality, and real-time data. Similarweb Ltd.’s (NYSE:SMWB) unmatched view of the evolving digital world is a prime foundation for training and maintaining LLMs and powering the next generation of agentic AI tools with accuracy and trust, as validated by our recent milestone partnership with Manus. While the scale of new larger, multi-year opportunities has resulted in longer sales cycles and revenue growth did not yet accelerate in the fourth quarter as we expected, the demand we see in the pipeline and the steps we have taken to upskill and specialize our sales force reinforce our confidence in our strategy to build an AI-driven data powerhouse that delivers profitable growth.”
Photo from Klaviyo website
Similarweb Ltd. (NYSE:SMWB) is a digital intelligence platform for modern businesses, transforming raw data into clear market visibility. They provide tools to benchmark performance against competitors, map out customer journeys, and uncover effective marketing strategies. Whether it’s tracking app engagement or identifying high-quality sales leads, their insights help companies make smarter data-backed decisions.
While we acknowledge the risk and potential of SMWB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SMWB and that has 10,000% upside potential, check out our report about this cheapest AI stock.
READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 12 Oversold Financial Stocks to Invest in According to Hedge Funds.
Disclosure: None. Follow Insider Monkey on Google News.
