Morgan Stanley Reiterates Overweight on Smartsheet, Maintains $56 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Josh Baer has reiterated an Overweight rating on Smartsheet (NYSE:SMAR) and maintained a $56 price target.
October 03, 2023 | 7:34 pm
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Morgan Stanley has reiterated an Overweight rating on Smartsheet and maintained a $56 price target, indicating a positive outlook for the company.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. An Overweight rating suggests that the analyst believes the company's stock will outperform the market, while a maintained price target indicates stability in the analyst's outlook for the company. This could lead to increased investor confidence and a potential rise in Smartsheet's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100