Wells Fargo analyst Michael Berg assigned a Buy rating to Smartsheet (SMAR – Research Report) today and set a price target of $47.00. The company’s shares closed yesterday at $40.30.
According to TipRanks, Berg is a 3-star analyst with an average return of 7.8% and a 50.00% success rate. Berg covers the Technology sector, focusing on stocks such as CSG Systems International, Braze, and Everbridge.
In addition to Wells Fargo, Smartsheet also received a Buy from Jefferies’s Brent Thill in a report issued today. However, on the same day, Barclays assigned a Hold rating to Smartsheet (NYSE: SMAR).
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $52.81 and a one-year low of $37.31. Currently, Smartsheet has an average volume of 1.21M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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:
- SMAR Earnings: Smartsheet Stock Drops, Despite Q4 Beat
- 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
