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DA Davidson Is Bullish On Smartsheet - Read Why

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·1 min read
In this article:
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  • DA Davidson analyst Robert Simmons initiated coverage of Smartsheet Inc (NYSE: 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.

Latest Ratings for SMAR

Jan 2022

DA Davidson

Initiates Coverage On

Buy

Dec 2021

Morgan Stanley

Maintains

Overweight

Dec 2021

Wells Fargo

Maintains

Equal-Weight

View More Analyst Ratings for SMAR
View the Latest Analyst Ratings

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