Canaccord Genuity Downgrades Smartsheet to Hold, Lowers Price Target to $56.5
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has downgraded Smartsheet from Buy to Hold and reduced its price target from $60 to $56.5.
September 25, 2024 | 12:55 pm
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Canaccord Genuity has downgraded Smartsheet from Buy to Hold and reduced its price target from $60 to $56.5, indicating a less optimistic outlook.
The downgrade from Buy to Hold suggests a less favorable view of Smartsheet's stock performance, which could lead to a negative short-term impact on its stock price. The lowered price target further supports this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100