
Semrush Holdings (SEMR) Stock Forecast & Price Target
Semrush Holdings (SEMR) Analyst Ratings
Bulls say
SEMrush Holdings Inc. reported impressive financial results for the third quarter of 2024, achieving revenue of $97.4 million, which reflects a year-over-year growth of 24%. The company has grown its customer base significantly, with over 117,000 paying customers, marking a 10% increase year-over-year, alongside a solid dollar-based net revenue retention rate of 107%. Additionally, the average annual recurring revenue (ARR) per customer has increased to over $3.4K, up 13% year-over-year, supported by strong performance in enterprise accounts and successful cross-sell and up-sell initiatives.
Bears say
SEMrush Holdings Inc. has experienced a decline in its non-GAAP gross margin, which fell to 82.6% from 83.5% year-over-year, signaling potential challenges following recent acquisitions. The company faces macroeconomic headwinds that could result in prolonged sales cycles, reduced close rates, and slower revenue growth, adversely affecting key performance indicators such as net revenue retention (NRR) and customer counts. Additionally, the competitive landscape may exert pressure on SEMrush's pricing, margins, and overall market share, further complicating its financial outlook.
This aggregate rating is based on analysts' research of Semrush Holdings and is not a guaranteed prediction by Public.com or investment advice.
Semrush Holdings (SEMR) Analyst Forecast & Price Prediction
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