Smartsheet (SMAR) Announces Leadership Changes
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March 15, 2024 6:38 AM EDT
RBC Capital analyst Rishi Jaluria lowered the price target on Smartsheet Inc. (NYSE: SMAR) to $36.00 (from $48.00) while maintaining a Sector Perform rating.
The analyst comments "Smartsheet reported a mixed print, leading shares down 11% afterhours. In addition to a skinny revenue/billings beat, initial FY25... More
March 15, 2024 4:00 AM EDT
Wolfe Research analyst Alex Zukin lowered the price target on Smartsheet Inc. (NYSE: SMAR) to $45.00 (from $65.00) while maintaining a Outperform rating.
The analyst comments "Despite a tougher macro headwinds (deal cycle elongation, deal size compression, degradation in close rate, slower customer expansions) persisted, we lean positively on SMAR as the company's profitability and... More
March 15, 2024 3:50 AM EDT
Citi analyst Steven Enders lowered the price target on Smartsheet Inc. (NYSE: SMAR) to $50.00 (from $63.00) while maintaining a Buy rating.
The analyst comments "SMAR reported a mixed F4Q with muted topline ($2M/$1M rev/billings beat) yet solid profitability ($17M/$14M... More
March 15, 2024 3:32 AM EDT
Jefferies analyst Brent Thill lowered the price target on Smartsheet Inc. (NYSE: SMAR) to $50.00 (from $57.00) while maintaining a Buy rating.
The analyst comments "Rev beat by 1% in F4Q on continued improvement in the enterprise segment despite ongoing pressure in SMB... More
