These Analysts Boost Their Forecasts On Smartsheet After Upbeat Results
Portfolio Pulse from Avi Kapoor
Smartsheet Inc (NYSE:SMAR) reported better-than-expected Q1 earnings and sales, announced a $150 million share repurchase program, and received multiple price target upgrades from analysts. The company expects full-year revenue and adjusted earnings to exceed estimates.
June 06, 2024 | 1:26 pm
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Smartsheet Inc reported better-than-expected Q1 earnings and sales, announced a $150 million share repurchase program, and received multiple price target upgrades from analysts. The company expects full-year revenue and adjusted earnings to exceed estimates.
The better-than-expected earnings and sales, combined with the share repurchase program and multiple price target upgrades, are likely to positively impact Smartsheet's stock price in the short term. The company's optimistic full-year guidance further supports this positive outlook.
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IMPORTANCE 90
RELEVANCE 100