5 Analysts Assess Smartsheet: What You Need To Know

Smartsheet SMAR has been analyzed by 5 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.

In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.

Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $52.0, with a high estimate of $55.00 and a low estimate of $45.00. Surpassing the previous average price target of $51.25, the current average has increased by 1.46%.

Exploring Analyst Ratings: An In-Depth Overview

In examining recent analyst actions, we gain insights into how financial experts perceive Smartsheet. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Smartsheet. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Smartsheet compared to the broader market.
• Price Targets: Gaining insights, analysts provide estimates for the future value of Smartsheet's stock. This comparison reveals trends in analysts' expectations over time.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Smartsheet's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on Smartsheet analyst ratings.

All You Need to Know About Smartsheet

Smartsheet is a provider of collaborative work management software delivered via a cloud-based, software-as-a-service model. The firm's solution offers scalable, dynamic tools to improve the efficiency of project and process management across countless use cases. Smartsheet's offering supports workflow management across teams, provides real-time visibility into projects, and reporting and automation capabilities. The firm generates revenue via software subscriptions on a per-user basis, and incremental charges for added platform capabilities.

Smartsheet: Financial Performance Dissected

Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.

Positive Revenue Trend: Examining Smartsheet's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 23.22% as of 31 October, 2023, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.

Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -13.19%, the company may need to address challenges in effective cost control.

Return on Equity (ROE): Smartsheet's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -5.92%, the company may face hurdles in generating optimal returns for shareholders.

Return on Assets (ROA): Smartsheet's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -2.74%, the company may encounter challenges in delivering satisfactory returns from its assets.

Debt Management: Smartsheet's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.1.

What Are Analyst Ratings?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

This article was generated by Benzinga's automated content engine and reviewed by an editor.