Jefferies Downgrades Smartsheet to Hold, Lowers Price Target to $56.5
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Brent Thill has downgraded Smartsheet from Buy to Hold and reduced the price target from $60 to $56.5.
September 24, 2024 | 9:15 pm
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Jefferies has downgraded Smartsheet from Buy to Hold, with a reduced price target of $56.5, indicating a less optimistic outlook.
The downgrade from Buy to Hold by Jefferies suggests a less favorable view on Smartsheet's stock performance. The lowered price target from $60 to $56.5 indicates reduced expectations for the company's valuation, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100