What exactly changed in the SMWB analyst rating on Feb 18, 2026?

William Blair downgraded Similarweb Ltd. (SMWB) from **Outperform** to **Market Perform** on **Feb 18, 2026**. The move followed Q4 commentary and was reported publicly at **11:59 AM**.

Does the downgrade include a new SMWB price target?

No new price target was published in the William Blair note. The public report did not list a revised SMWB price target at the time of the downgrade, per TheFly.

How should investors interpret the SMWB analyst rating now?

Treat the Market Perform rating as neutral guidance. Investors should reassess exposure, watch execution on the **10%** 2026 revenue goal, and follow new analyst notes closely.

How does Meyka AI view the SMWB analyst rating change?

Meyka AI notes the downgrade and assigns SMWB a grade of **B**. This grade reflects benchmark, sector, growth, metrics, and consensus, and is not investment advice.

Analyst Ratings

SMWB Similarweb Ltd. Feb 18, 2026 William Blair downgraded to Market Perform

ByHuzaifa Zahoor February 19, 2026February 19, 2026

William Blair downgraded Similarweb Ltd. (SMWB) to Market Perform on Feb 18, 2026, marking a clear shift in the SMWB analyst rating landscape. The call landed after Similarweb’s Q4 2025 discussion and followed analyst participation on the earnings call. The downgrade replaces William Blair’s prior Outperform view and coincided with a reported 3.89% ($0.1) price move. Investors should weigh this rating change against company guidance and Meyka AI’s assessment.