Smartsheet (SMAR) Tops Q4 EPS by 3c; Provides Mixed Outlook

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Smartsheet Inc. (SMAR) PT Lowered to $50 at BMO Capital

March 16, 2022 10:48 AM EDT

BMO Capital analyst Keith Bachman lowered the price target on Smartsheet Inc. (NYSE: SMAR) to $50.00 (from $55.00) while maintaining an Outperform rating.

The analyst commented, "We acknowledge conflicting views on SMAR. On the positive side, growth is very impressive and valuation is attractive against... More

Smartsheet Inc. (SMAR) PT Lowered to $75 at Jefferies

March 16, 2022 9:36 AM EDT

Jefferies analyst Brent Thill lowered the price target on Smartsheet Inc. (NYSE: SMAR) to $75.00 (from $95.00) while maintaining a Buy rating.

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Smartsheet Inc. (SMAR) PT Lowered to $60 at Canaccord Genuity

March 16, 2022 8:07 AM EDT

Canaccord Genuity analyst David Hynes Jr. lowered the price target on Smartsheet Inc. (NYSE: SMAR) to $60.00 (from $80.00) while maintaining a Buy rating.

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Smartsheet (SMAR) Shares Plunge 8% on Disappointing EPS Outlook

March 15, 2022 5:06 PM EDT

Smartsheet (NYSE: SMAR) shares fell around 8% after-hours following the companys worse-than-expected EPS guidance, while Q4 results came in better than expected.

Q4 EPS was ($0.12), compared to the consensus of ($0.15), and revenue was $157.4 million (up 43% year-over-year), compared to the consensus of $151.66 million. Subscription revenue grew 44%... More