UBS Downgrades Smartsheet to Neutral, Lowers Price Target to $56.5
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Taylor McGinnis has downgraded Smartsheet from Buy to Neutral and reduced the price target from $61 to $56.5.
September 26, 2024 | 2:05 pm
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UBS has downgraded Smartsheet from Buy to Neutral, indicating a less optimistic outlook. The price target has also been reduced from $61 to $56.5, suggesting potential downside or limited upside in the stock price.
The downgrade from Buy to Neutral by UBS suggests a shift in sentiment, indicating that the stock may not perform as well as previously expected. The lowered price target further supports this view, suggesting limited upside potential.
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IMPORTANCE 80
RELEVANCE 100