Truist Securities Downgrades Smartsheet to Hold, Lowers Price Target to $56.5
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has downgraded Smartsheet from Buy to Hold and reduced its price target from $60 to $56.5.
September 25, 2024 | 3:11 pm
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Truist Securities has downgraded Smartsheet from Buy to Hold, indicating a less optimistic outlook. The price target has also been reduced from $60 to $56.5, suggesting potential limited upside.
The downgrade from Buy to Hold by Truist Securities suggests a less favorable view on Smartsheet's stock performance. The lowered price target from $60 to $56.5 indicates expectations of limited upside potential, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100