SEMrush Holdings, Inc. (SEMR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Taiwan Semiconductor Manufacturing (NYSE: TSM) and Semrush Holdings (NYSE: SEMR) are also performing better so far this year. After experiencing drops of 38% and 61% last year, respectively, Taiwan Semi has jumped nearly 19% in 2023 while shares of Semrush are roughly flat. The median price target from analysts over the past month for Taiwan Semi is $103, implying a 9% upside from the company's stock price as of this writing.
Motley Fool contributor Jamie Louko likes how Semrush (NYSE: SEMR), a small marketing technology company, is improving margins. With a large one-time cost behind it, Semrush looks ready to start bringing in profits, if it's not acquired first.