Demystifying Smartsheet: Insights From 9 Analyst Reviews
In the last three months, 9 analysts have published ratings on Smartsheet (NYSE:SMAR), offering a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 3 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 3 | 3 | 2 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Smartsheet, presenting an average target of $51.11, a high estimate of $57.00, and a low estimate of $43.00. Surpassing the previous average price target of $47.56, the current average has increased by 7.46%.
Decoding Analyst Ratings: A Detailed Look
The standing of Smartsheet among financial experts becomes clear with a thorough analysis 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 |
|---|---|---|---|---|---|
| John Difucci | Guggenheim | Maintains | Buy | $56.00 | $56.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $50.00 | $47.00 |
| Taylor McGinnis | UBS | Raises | Buy | $56.00 | $54.00 |
| Ryan Macwilliams | Barclays | Raises | Equal-Weight | $45.00 | $40.00 |
| Keith Bachman | BMO Capital | Raises | Outperform | $48.00 | $42.00 |
| Josh Baer | Morgan Stanley | Raises | Overweight | $53.00 | $51.00 |
| David Hynes | Canaccord Genuity | Raises | Buy | $52.00 | $45.00 |
| Rishi Jaluria | RBC Capital | Raises | Sector Perform | $43.00 | $36.00 |
| Scott Berg | Needham | Maintains | Buy | $57.00 | $57.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Smartsheet. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, 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.
To gain a panoramic view of Smartsheet's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Smartsheet analyst ratings.
Discovering Smartsheet: A Closer Look
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.
Understanding the Numbers: Smartsheet's Finances
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Smartsheet displayed positive results in 3 months. As of 30 April, 2024, the company achieved a solid revenue growth rate of approximately 19.6%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Smartsheet's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -3.37%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Smartsheet's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -1.43%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Smartsheet's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.67%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Smartsheet's debt-to-equity ratio is below the industry average. With a ratio of 0.07, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Significance of Analyst Ratings Explained
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.