Semrush Holdings: Stay Hold Rated As I Monitor For The Next Few Quarters

Boy Wirat Investment overview I wrote about Semrush Holdings (NYSE:SEMR) previously (29 May 2024) with a hold rating, as I felt that the valuation was no longer attractive when compared to peers. SEMR 2Q24 results were full of positives and have made me feel more optimistic about the potential for more growth acceleration over the medium term. However, I want to see more evidence that the strategies employed today can continue to work. As such, considering that the near-term upside has been priced in, I rem ...