Guggenheim raises PT for Smartsheet; says can beat forecast throughout year

Smartsheet

30/08/2024 12:40

** Guggenheim raises work management firm Smartsheet's 
 SMAR.N  price target to $60 from $56; maintains "buy" rating 
    ** Brokerage says co can beat forecast throughout the year,
but with little room to raise estimates along the way, unless
business momentum improves
    ** Brokerage also believes that Smartsheet's "idiosyncratic
factors" could help it navigate current demand backdrop
    ** 17 of 21 brokerages rate the stock "buy" or higher, 3
"hold" and 1 "sell"; their median PT is $55 - LSEG data
    ** YTD, SMAR up 2.20% as of last close

 (Reporting by Anshuman Tripathy in Bengaluru)
 ((Anshuman.Tripathy@thomsonreuters.com;))