Across the recent three months, 26 analysts have shared their insights on Smartsheet SMAR, expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 3 | 15 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 12 | 0 | 0 |
| 2M Ago | 8 | 2 | 2 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $56.94, a high estimate of $63.00, and a low estimate of $50.00. This upward trend is evident, with the current average reflecting a 3.17% increase from the previous average price target of $55.19.
Investigating Analyst Ratings: An Elaborate Study
The standing of Smartsheet among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Rishi Jaluria | RBC Capital | Maintains | Sector Perform | $56.50 | $56.50 |
| Steven Enders | Citigroup | Lowers | Neutral | $56.50 | $63.00 |
| Taylor McGinnis | UBS | Lowers | Neutral | $56.50 | $61.00 |
| Ryan Macwilliams | Barclays | Raises | Equal-Weight | $56.50 | $50.00 |
| Keith Bachman | BMO Capital | Lowers | Market Perform | $56.50 | $59.00 |
| Terry Tillman | Truist Securities | Lowers | Hold | $56.50 | $60.00 |
| Rishi Jaluria | RBC Capital | Raises | Sector Perform | $56.50 | $51.00 |
| David Hynes | Canaccord Genuity | Lowers | Hold | $56.50 | $60.00 |
| Scott Berg | Needham | Maintains | Hold | $57.00 | - |
| Pinjalim Bora | JP Morgan | Lowers | Neutral | $56.50 | $60.00 |
| Brent Thill | Jefferies | Lowers | Hold | $56.50 | $60.00 |
| Michael Turrin | Wells Fargo | Announces | Equal-Weight | $57.00 | - |
| Gil Luria | DA Davidson | Raises | Neutral | $56.50 | $55.00 |
| Tyler Radke | Citigroup | Raises | Buy | $63.00 | $55.00 |
| John Difucci | Guggenheim | Raises | Buy | $62.00 | $60.00 |
| David Hynes | Canaccord Genuity | Raises | Buy | $60.00 | $52.00 |
| Keith Bachman | BMO Capital | Raises | Outperform | $59.00 | $48.00 |
| Robert Simmons | DA Davidson | Maintains | Buy | $55.00 | $55.00 |
| Terry Tillman | Truist Securities | Raises | Buy | $60.00 | $55.00 |
| Josh Baer | Morgan Stanley | Raises | Overweight | $57.00 | $55.00 |
| Rishi Jaluria | RBC Capital | Raises | Sector Perform | $51.00 | $43.00 |
| Ryan Macwilliams | Barclays | Raises | Equal-Weight | $50.00 | $45.00 |
| Scott Berg | Needham | Maintains | Buy | $57.00 | $57.00 |
| Taylor McGinnis | UBS | Raises | Buy | $61.00 | $56.00 |
| Terry Tillman | Truist Securities | Maintains | Buy | $55.00 | $55.00 |
| Josh Baer | Morgan Stanley | Raises | Overweight | $55.00 | $53.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Smartsheet. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Smartsheet compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Smartsheet's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Smartsheet's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Smartsheet analyst ratings.
Delving into Smartsheet's Background
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.
Key Indicators: Smartsheet's Financial Health
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Smartsheet's revenue growth over a period of 3 months has been noteworthy. As of 31 July, 2024, the company achieved a revenue growth rate of approximately 17.33%. This indicates a substantial increase in the company's 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: Smartsheet's net margin excels beyond industry benchmarks, reaching 2.84%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Smartsheet's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.2%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Smartsheet's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.59%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.06, Smartsheet adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Basics of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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