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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100