UBS Maintains Buy on Smartsheet, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Taylor McGinnis maintains a Buy rating on Smartsheet (SMAR) but lowers the price target from $60 to $54.
March 15, 2024 | 1:06 pm
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NEUTRAL IMPACT
UBS maintains a Buy rating on Smartsheet but lowers the price target from $60 to $54.
While the Buy rating reaffirms confidence in Smartsheet's fundamentals and growth potential, the reduction in price target could signal concerns about near-term headwinds or valuation adjustments. This mixed signal might lead to short-term market uncertainty for SMAR's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100