Morgan Stanley Maintains Overweight on Smartsheet, Raises Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Josh Baer maintains an Overweight rating on Smartsheet (NYSE:SMAR) and raises the price target from $55 to $56.
September 08, 2023 | 2:09 pm
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Morgan Stanley maintains an Overweight rating on Smartsheet and raises the price target from $55 to $56. This could potentially lead to an increase in the stock's price.
Analyst ratings and price targets can significantly influence a stock's price. An Overweight rating suggests that the analyst believes the stock will outperform the market in the future. The increase in the price target from $55 to $56 indicates that the analyst sees potential for the stock's price to increase.
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