RBC Capital Maintains Sector Perform on Smartsheet, Raises Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Rishi Jaluria maintains a Sector Perform rating on Smartsheet (NYSE:SMAR) and raises the price target from $43 to $51.
September 06, 2024 | 1:33 pm
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POSITIVE IMPACT
RBC Capital has increased the price target for Smartsheet from $43 to $51 while maintaining a Sector Perform rating. This suggests a positive outlook on the stock's potential performance.
The increase in price target from $43 to $51 by RBC Capital indicates a positive sentiment towards Smartsheet's future performance. Maintaining a Sector Perform rating suggests that while the stock is expected to perform well, it may not outperform the sector significantly. This news is likely to have a positive short-term impact on the stock price as it reflects increased confidence from a reputable analyst.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100