Citigroup Downgrades Smartsheet to Neutral, Lowers Price Target to $56.5
Portfolio Pulse from Benzinga Newsdesk
Citigroup has downgraded Smartsheet from Buy to Neutral and lowered its price target from $63 to $56.5.

September 27, 2024 | 1:48 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Citigroup analyst Steven Enders downgraded Smartsheet from Buy to Neutral and reduced the price target from $63 to $56.5, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by Citigroup suggests a less favorable view on Smartsheet's stock performance. The lowered price target from $63 to $56.5 indicates reduced expectations for the company's future valuation, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100