🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Smartsheet Analysts Boost Their Forecasts After Upbeat Earnings

Published 08/12/2023, 16:23
Updated 08/12/2023, 17:40
© Reuters.  Smartsheet Analysts Boost Their Forecasts After Upbeat Earnings
SMAR
-

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

Smartsheet Inc. (NYSE: SMAR) reported better-than-expected third-quarter earnings and raised its FY24 revenue outlook on Thursday.

Smartsheet posted adjusted earnings of 16 cents per share, topping market estimates of 9 cents per share. The company’s quarterly sales came in at $245.92 million versus expectations of $241.69 million, according to Benzinga Pro.

Smartsheet shares gained 0.4% to trade at $45.05 on Friday.

These analysts made changes to their price targets on Smartsheet following earnings announcement.

  • Keybanc raised the price target on Smartsheet from $52 to $53. Keybanc analyst Jason Celino maintained an Overweight rating.
  • Canaccord Genuity increased the price target on Smartsheet from $53 to $55. Canaccord Genuity analyst David Hynes maintained a Buy rating.
  • Truist Securities increased the price target on Smartsheet from $50 to $55. Truist Securities analyst Terry Tillman maintained a Buy rating.

Check This Out: Insiders Buying Bristol-Myers Squibb And 3 Other Stocks

Latest Ratings for SMAR

DateFirmActionFromTo
Feb 2022Morgan StanleyMaintainsOverweight
Jan 2022RBC CapitalMaintainsSector Perform
Jan 2022Wells FargoUpgradesEqual-WeightOverweight
View More Analyst Ratings for SMAR

View the Latest Analyst Ratings

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.