JP Morgan Maintains Overweight on Smartsheet, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Pinjalim Bora has maintained an Overweight rating on Smartsheet (NYSE:SMAR) but has lowered the price target from $54 to $50.

March 15, 2024 | 2:20 pm
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JP Morgan maintains an Overweight rating on Smartsheet but lowers the price target from $54 to $50.
While the maintenance of an Overweight rating by JP Morgan suggests continued confidence in Smartsheet's fundamentals and growth potential, the reduction in the price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term price volatility as investors reassess their expectations based on the new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100