Smartsheet upgraded by Citigroup with a new price target
$SMAR
Computer Software: Prepackaged Software
Technology
Citigroup upgraded Smartsheet from Neutral to Buy and set a new price target of $63.00 from $56.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2024 | Buy → Neutral | Guggenheim | |
| 9/6/2024 | $48.00 → $59.00 | Outperform | BMO Capital Markets |
| 3/21/2024 | Sector Weight | KeyBanc Capital Markets | |
| 3/11/2024 | $52.00 → $48.00 | Outperform | BMO Capital Markets |
| 2/26/2024 | $45.00 | Underperform | BofA Securities |
| 1/11/2024 | $56.00 → $63.00 | Neutral → Buy | Citigroup |
| 12/20/2023 | $65.00 | Buy | DA Davidson |
| 12/8/2023 | $50.00 → $52.00 | Outperform | BMO Capital Markets |
Guggenheim downgraded Smartsheet from Buy to Neutral
BMO Capital Markets reiterated coverage of Smartsheet with a rating of Outperform and set a new price target of $59.00 from $48.00 previously
KeyBanc Capital Markets initiated coverage of Smartsheet with a rating of Sector Weight
- Reuters Citing Sources
New integration deepens the Partnership between Smartsheet and AWS by using the power of Amazon Q, a generative AI assistant, to boost productivity and securely tap into organizational knowledge
Deal joins the senior leadership team as an experienced people leader to support the growth and development of the company's global workforce Smartsheet (NYSE:SMAR), the enterprise work management platform, today announced the appointment of Jo Deal as Chief People Officer. Deal will be responsible for leading the company's people & culture team and evolving its people strategies to support the company in its post–$1 billion annualized recurring revenue growth phase. "We're pleased to welcome Jo to Smartsheet. Her experience scaling global teams to drive business results will be invaluable in our next phase of growth," said Mark Mader, CEO of Smartsheet. "I'm confident that Jo's leaders
Experienced global CFO adds depth in financial strategy and operating excellence to Smartsheet board Smartsheet Inc. (NYSE:SMAR), the enterprise work management platform, today announced the appointment of Katie Rooney to its board of directors. Rooney, Global Chief Financial Officer and Chief Operating Officer at Alight with over 22 years' experience in finance and capital markets, brings a depth and breadth of operating experience and excellence to Smartsheet. "Katie combines deep financial expertise with diverse industry and sector knowledge," said Mark Mader, CEO of Smartsheet. "Her experience in corporate strategy and market positioning will serve us well as we expand our enterpris
Twilio President brings deep expertise in multi-faceted and multi-product global businesses to Smartsheet board Smartsheet, the enterprise platform for modern work management, today announced the appointment of Khozema Shipchandler to its board of directors. He will also serve on the board's Audit Committee. Shipchandler, President, Communications at Twilio Inc. and a 22-year veteran of General Electric, brings a depth and breadth of experience to Smartsheet, with a focus on growing and scaling global digital businesses and communities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230626467039/en/Khozema Shipchandler (Photo:
Smartsheet Inc. (NYSE:SMAR), the enterprise work management platform, today announced that it will release its financial results for its third quarter of fiscal year 2025, which ended October 31, 2024, after the close of U.S. financial markets on December 5, 2024. The earnings release will be available on the Smartsheet investor relations website: https://investors.smartsheet.com. In light of the definitive agreement to be acquired by Blackstone and Vista Equity Partners previously announced on September 24, 2024, Smartsheet Inc. will not host an earnings conference call or live webcast to discuss its third quarter of fiscal year 2025 financial results. About Smartsheet Smartsheet is
MONSEY, N.Y., Nov. 06, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP has renewed its investigation into the fairness of the proposed sale of Smartsheet, Inc. (NYSE:SMAR) ("Smartsheet") to Blackstone and Vista Equity Partners for $56.50 per share in cash. On September 24, 2024, Smartsheet announced that it had agreed to be sold to Blackstone and Vista Equity Partners for $56.50 per share in cash. On November 4, 2024, Smartsheet filed a definitive proxy concerning the proposed sale with the SEC. Based on our review of the proxy, we have renewed our investigation into whether there are any undisclosed potential conflicts of interest. If you remain a Smartsheet shareholder a
New Smartsheet connector for Amazon Q Business unlocks work management data insights for Smartsheet and AWS customers Today at its annual ENGAGE customer conference, Smartsheet (NYSE:SMAR), the enterprise work management platform, announced it is partnering with AWS to launch a new connector that synchronizes data from Smartsheet into Amazon Q Business, a generative AI-powered assistant that can answer questions, provide summaries, generate content, and securely complete tasks based on data and information in customers' enterprise systems. The connector will enable Amazon Q Business customers to query their intelligent assistant for information about their projects, programs, and processes
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Smartsheet Inc. (NYSE:SMAR), the enterprise work management platform, today announced that it will release its financial results for its third quarter of fiscal year 2025, which ended October 31, 2024, after the close of U.S. financial markets on December 5, 2024. The earnings release will be available on the Smartsheet investor relations website: https://investors.smartsheet.com. In light of the definitive agreement to be acquired by Blackstone and Vista Equity Partners previously announced on September 24, 2024, Smartsheet Inc. will not host an earnings conference call or live webcast to discuss its third quarter of fiscal year 2025 financial results. About Smartsheet Smartsheet is
Second quarter total revenue grew 17% year over year to $276.4 million Annualized recurring revenue grew 17% year over year to $1.093 billion Second quarter operating cash flow of $59.1 million and record free cash flow of $57.2 million Ended the quarter with cash, cash equivalents, and short-term investments of $706.6 million Smartsheet Inc. (NYSE:SMAR), the enterprise work management platform, today announced financial results for its second fiscal quarter ended July 31, 2024. "Q2 was a strong quarter highlighted by continued growth in the enterprise," said Mark Mader, CEO of Smartsheet. "Our customers are scaling their work on Smartsheet, with over 70 customers expanding t
Smartsheet Inc. (NYSE:SMAR), the enterprise work management platform, today announced that it will release its financial results for its second quarter of fiscal year 2025, which ended July 31, 2024, after the close of U.S. financial markets on September 5, 2024. Smartsheet executives will host a conference call and webcast that day at 4:30 p.m. ET (1:30 p.m. PT) to discuss the results. The dial-in number to access the call will be (888) 440-6385 or (646) 960-0180 (outside of the U.S.). The conference ID is 7672979. The webcast will be open to listeners through the events section of the Smartsheet investor relations website: https://investors.smartsheet.com. A replay of the conference cal