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Smartsheet price target raised to $53 from $50 at Canaccord

Smartsheet price target raised to $53 from $50 at Canaccord

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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