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Smartsheet Inc has a consensus price target of $54.62 based on the ratings of 26 analysts. The high is $63 issued by Citigroup on September 6, 2024. The low is $40 issued by Credit Suisse on June 8, 2023. The 3 most-recent analyst ratings were released by RBC Capital, Citigroup, and UBS on October 24, 2024, September 27, 2024, and September 26, 2024, respectively. With an average price target of $56.5 between RBC Capital, Citigroup, and UBS, there's an implied 0.53% upside for Smartsheet Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Smartsheet (NYSE:SMAR) was reported by Needham on December 6, 2024. The analyst firm set a price target for $0.00 expecting SMAR to fall to within 12 months (a possible -100.00% downside). 56 analyst firms have reported ratings in the last year.
The latest analyst rating for Smartsheet (NYSE:SMAR) was provided by Needham, and Smartsheet reiterated their hold rating.
There is no last upgrade for Smartsheet
The last downgrade for Smartsheet Inc happened on November 11, 2024 when Guggenheim changed their price target from N/A to N/A for Smartsheet Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Smartsheet, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Smartsheet was filed on December 6, 2024 so you should expect the next rating to be made available sometime around December 6, 2025.
While ratings are subjective and will change, the latest Smartsheet (SMAR) rating was a reiterated with a price target of $0.00 to $0.00. The current price Smartsheet (SMAR) is trading at is $56.20, which is out of the analyst’s predicted range.
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