Wells Fargo Downgrades Smartsheet to Equal-Weight, Announces $57 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin has downgraded Smartsheet (NYSE:SMAR) from Overweight to Equal-Weight, setting a price target of $57.
September 24, 2024 | 9:12 pm
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Wells Fargo has downgraded Smartsheet from Overweight to Equal-Weight, with a new price target of $57. This suggests a more cautious outlook on the stock.
The downgrade from Overweight to Equal-Weight by a major financial institution like Wells Fargo indicates a less optimistic view on Smartsheet's stock performance. The $57 price target suggests limited upside potential, which could lead to a short-term negative impact on the stock price.
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