5 Analysts Assess Smartsheet: What You Need To Know
Portfolio Pulse from Benzinga Insights
Smartsheet (NYSE:SMAR) has been analyzed by 5 analysts, showing a shift from bullish to somewhat bearish sentiments over the last three months. The average 12-month price target for SMAR has been raised to $52.00, indicating a positive outlook from analysts. Smartsheet's financial performance shows a positive revenue trend with a growth rate of 23.22% as of October 31, 2023, but it trails behind the industry average and faces challenges in profitability and asset utilization.
February 26, 2024 | 1:02 pm
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Analysts have updated their ratings and price targets for Smartsheet, with a new average 12-month price target of $52.00. Despite positive revenue growth, SMAR faces challenges in profitability and asset utilization.
The updated analyst ratings and increased price target suggest a positive short-term outlook for SMAR's stock price. However, the underlying financial challenges such as below-average profitability and asset utilization may temper long-term growth expectations. The immediate impact is likely positive due to the raised price targets and recent analyst upgrades, but investors should be cautious of the mentioned financial performance issues.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100