Smartsheet (SMAR) Tops Q4 EPS by 16c; offers guidance

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Smartsheet (SMAR) down on conservative full-year guide, analyst remains optimistic

March 15, 2024 6:47 AM EDT

Shares of Smartsheet (NYSE: SMAR) plunged 12% in premarket trading Friday after the software as a service offering (SaaS) providers full-year guidance missed Wall Streets expectations.

For the fiscal Q4 2024, the company reported earnings per share (EPS) of $0.34, surpassing the consensus prediction of $0.18. The company's revenue for the quarter was $256.9 million,... More

Smartsheet Inc. (SMAR) PT Lowered to $36 at RBC Capital

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

Smartsheet Inc. (SMAR) PT Lowered to $45 at Wolfe Research

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

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

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

Smartsheet Inc. (SMAR) PT Lowered to $50 at Jefferies, 'SMB Slowdown Continues'

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