BMO Capital Maintains Outperform on Smartsheet, Lowers Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman maintains an Outperform rating on Smartsheet (NYSE:SMAR) but lowers the price target from $50 to $44.
June 12, 2023 | 1:40 pm
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NEUTRAL IMPACT
BMO Capital maintains Outperform rating on Smartsheet (NYSE:SMAR) but lowers the price target from $50 to $44.
The news directly mentions Smartsheet (NYSE:SMAR) and its lowered price target by BMO Capital. While the Outperform rating is maintained, the reduced price target may have a neutral impact on the stock price in the short term as it indicates a lower expected return, but still suggests a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100