Wells Fargo Maintains Overweight on Smartsheet, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Berg maintains an Overweight rating on Smartsheet (SMAR) but lowers the price target from $55 to $47.
March 15, 2024 | 12:10 pm
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NEGATIVE IMPACT
Wells Fargo maintains an Overweight rating on Smartsheet but lowers the price target from $55 to $47.
The reduction in price target by Wells Fargo, despite maintaining an Overweight rating, could lead to a short-term negative sentiment among investors, potentially causing a decrease in SMAR's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100