Wells Fargo Maintains Overweight on Smartsheet, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin has maintained an Overweight rating on Smartsheet (NYSE:SMAR), but lowered the price target from $60 to $55.
September 05, 2023 | 4:38 pm
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NEUTRAL IMPACT
Wells Fargo has maintained an Overweight rating on Smartsheet but lowered the price target from $60 to $55.
The news is directly related to Smartsheet (SMAR). While the Overweight rating is maintained, indicating a positive outlook, the lowering of the price target could have a neutral to slightly negative impact on the stock in the short term as it suggests a lower future valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100