Smartsheet price target raised to $56.50 from $50 at Barclays

Barclays raised the firm’s price target on Smartsheet to $56.50 from $50 and keeps an Equal Weight rating on the shares after Blackstone and Vista Equity Partners agreed to acquire Smartsheet at $56.50 per share in an all-cash deal. The firm views the deal as a “strong outcome to the Smartsheet story.”