In-Depth Examination Of 10 Analyst Recommendations For Smartsheet
Portfolio Pulse from Benzinga Insights
Analysts have varied ratings for Smartsheet (NYSE:SMAR), ranging from bullish to bearish. Recent ratings show a shift towards more bullish sentiments, with several analysts raising their price targets. The average 12-month price target is now $51.5, up from $48.10. Smartsheet's financial performance shows strong revenue growth but challenges in ROE and ROA. The company's debt management is positive, with a low debt-to-equity ratio.
August 20, 2024 | 3:00 pm
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POSITIVE IMPACT
Analysts have shown increased bullish sentiment towards Smartsheet, with several raising their price targets. The average 12-month price target is now $51.5, reflecting a positive outlook. However, the company faces challenges in ROE and ROA, despite strong revenue growth and positive debt management.
The increase in average price target and the number of analysts raising their targets indicate a positive short-term outlook for Smartsheet. The company's strong revenue growth and positive debt management further support this sentiment. However, challenges in ROE and ROA may temper the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100