Canaccord raised the firm’s price target on Smartsheet to $53 from $50 and keeps a Buy rating on the shares. The firm said it seems like Smartsheet is executing reasonably well in what’s still a tough environment, the firm is showing nice progress in terms of driving more material profitability, and the stock remains cheap relative to its metrics.
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Read More on SMAR:
- Smartsheet price target raised to $52 from $49 at Citi
- Smartsheet (NYSE:SMAR) Rises on Impressive Q2 Results
- Smartsheet price target raised to $50 from $45 at Barclays
- Smartsheet jumps 8% to $43.50 after Q2 earnings beat and guidance raise
- Smartsheet raises FY24 EPS view to 53c-57c from 37c-44c, consensus 42c
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