DA Davidson Is Bullish On Smartsheet - Read Why

  • DA Davidson analyst Robert Simmons initiated coverage of Smartsheet Inc SMAR with a Buy and price target of $100, suggesting an upside of 36.4%.
  • Simmons sees Smartsheet as the leading work management provider, as the company has established "beachheads" in a wide range of customers.
  • Simmons notes, with what he believes will be long-term solid margins and a significant market opportunity ahead, he views the stock as undervalued at current levels.
  • Smartsheet provides a cloud-based platform for work execution that enables teams and organizations to plan, capture, manage, automate, and report on work at a scale that results in more efficient processes and better business outcomes. 
  • Price Action: SMAR shares traded higher by 1.64% at $74.52 in the premarket session on the last check Wednesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsPrice TargetInitiationAnalyst RatingsTechBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!