RBC Capital analyst Rishi Jaluria maintained a Hold rating on Smartsheet (SMAR – Research Report) today and set a price target of $36.00. The company’s shares closed yesterday at $40.30.
Jaluria covers the Technology sector, focusing on stocks such as Workday, HubSpot, and DocuSign. According to TipRanks, Jaluria has an average return of 4.2% and a 53.23% success rate on recommended stocks.
Currently, the analyst consensus on Smartsheet is a Moderate Buy with an average price target of $49.40, which is a 22.58% upside from current levels. In a report released today, Barclays also assigned a Hold rating to the stock with a $40.00 price target.
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SMAR market cap is currently $5.49B and has a P/E ratio of -51.65.
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Smartsheet (SMAR) Company Description:
Smartsheet, Inc. engages in the design and development of cloud-based platform for work management. It offers ways for customers to plan and manage their work using grids, projects, cards, and calendars. The company was founded by W. Eric Browne, Maria Colacurcio, John D. Creason, and Brent R. Frei in 2005 and is headquartered in Bellevue, WA.
Read More on SMAR:
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- Smartsheet Leadership Transition and New Executive Compensation
- Smartsheet (SMAR) Q4 Earnings Cheat Sheet
- Smartsheet price target lowered to $48 from $52 at BMO Capital
- Options Volatility and Implied Earnings Moves This Week, March 11 – March 15, 2024
