|Bid||43.26 x 800|
|Ask||48.00 x 1100|
|Day's Range||43.59 - 44.90|
|52 Week Range||22.01 - 55.79|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||51.31|
Smartsheet (SMAR) delivered earnings and revenue surprises of 16.67% and 2.58%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?
Prominent technology executive and investor to support Smartsheet in next stage of growth and market leadership. Smartsheet (SMAR), the platform for enterprise achievement, today announced the appointment of Mike Gregoire to its board of directors. Gregoire, a Partner at Brighton Park Capital and 25-year technology industry veteran, brings to Smartsheet deep expertise in growing profitable technology companies.
Benefits of wider client base and higher marketing expenditure are likely to get reflected in Smartsheet's (SMAR) third-quarter fiscal 2020 results.
Based on the fact that hedge funds have collectively under-performed the market for several years, it would be easy to assume that their stock picks simply aren't very good. However, our research shows this not to be the case. In fact, when it comes to their very top picks collectively, they show a strong ability […]
Smartsheet (SMAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Smartsheet (SMAR), the platform for enterprise achievement, today announced its partnership with QBS Distribution, a leading EMEA software delivery platform. With a primary focus on the U.K. market, QBS Distribution will deliver Smartsheet’s full product portfolio in addition to technical, pre- and post-sales support. The partnership builds on the launch of its channel program, Smartsheet Aligned, announced at the company’s global customer conference in October.
Smartsheet Inc. (SMAR), the platform for enterprise achievement, today announced that it will release its financial results for its third quarter of fiscal year 2020 ended October 31, 2019 after the close of U.S. financial markets on December 4, 2019. Smartsheet executives will host a conference call that day at 4:30 p.m. ET (1:30 p.m. PT) to discuss the results. Smartsheet (SMAR) is the platform for enterprise achievement.
In this daily bar chart of SMAR, below, we can see that prices are trading below the declining 50-day moving average line and below the cresting 200-day line. This math-driven moving average crossover sell signal is typically late but still can be effective. The daily On-Balance-Volume (OBV) line has been weakening since late August and is still pointed lower even as the price of SMAR has shown some stability this month.
Smartsheet Inc (NYSE: SMAR ) faces increasing competition in the collaboration tools space, especially after the October rollout of a redesigned version of Microsoft Corporation’s (NASDAQ: MSFT ) Project ...
Smartsheet (SMAR), the platform for enterprise achievement, today announced that Smartsheet for Microsoft Teams has been recognized for “Most Business or Consumer Value” in this year’s Microsoft 365 app awards. Smartsheet was presented with the award at the Microsoft Ignite conference in Orlando, Florida. The awards recognize companies that have built applications on the Microsoft 365 platform for both Office 365 and Windows.
Smartsheet (SMAR), the platform for enterprise achievement, today announced the availability of its extension in private beta for Adobe Creative Cloud at Adobe MAX in Los Angeles. Today’s fast-moving digital environment requires solutions that streamline execution to meet increased content demands and this extension enables teams and organizations to implement more agile and effective content processes across a broad set of marketing and creative use cases. Smartsheet’s extension will seamlessly bring content creation and review processes into Adobe Creative Cloud, eliminating silos so customers can manage workflows from start to finish in one application.
During a talk with TheStreet, long-time Smartsheet CEO Mark Mader argued his firm's workflow automation platform still has a lot of headroom to displace manual business processes.
For fresh investing ideas, we suggest taking a cue from Wall Street. Recommendations from the Street’s pros can provide a source of inspiration, as analysts often have in-depth knowledge of the industries they cover. That being said, not all analysts have the same track record, with some demonstrating a much stronger ability to generate returns with their ratings and price targets.Taking this into consideration, we turned to TipRanks’ top rated analyst, Canaccord's Richard Davis. According to TipRanks’ algorithm which calculates the average return of each rating as well as overall success rate, the tech sector analyst was the best performer out of 5,583 total analysts. With an 82% success rate and a 44% average return per rating, it’s clear that his calls demand attention.With this in mind, we wanted to take a closer look at the five-star analyst’s top picks in the software space. Not only does the upside potential of each exceed 20%, but all of the stocks have earned a ‘Strong Buy’ consensus based on all of the ratings published over the last three months. Let’s dive right in.ServiceNow (NOW)ServiceNow is a cloud computing company that wants to make it easier to get work done with its software solutions. Even though Davis expects a rough next quarter or two from NOW, the analyst believes that the tech stock still represents a compelling investment.His bullish thesis lies in part with the company’s commitment to achieve both near and long-term financial targets. Incoming CEO Bill McDermott stated that there hasn’t been a change in demand and activity as a result of macro conditions, and thus the company is still on track to meet its goals. Not to mention the public sector has been welcoming the cloud with open arms. In its most recent quarter, NOW signed thirteen contracts that have average contract value of more than $1 million with the U.S. federal government. This is up from the five deals it signed one year ago.While acknowledging the concerns surrounding employee attribution, the five-star analyst calls fears “overblown.” Out of NOW’s top 100 sales representatives, the company has only lost three. It should also be noted that company-wide employee retention rates rival that of other industry leaders.Based on all of the above factors, Davis tells investors to stay onboard. The analyst adds, “If you don’t own NOW, you should be happy because you just walked into the store and found your favorite item on an unexpected sale – we’d use what is likely to be an up and down stock price to build out a full position through year end”. Bearing this in mind, he kept his Buy rating while lowering the price target from $315 to $285. Even with this reduction, Davis sees 18% upside potential in store.In general, other Wall Street analysts take a bullish approach when it comes to NOW. 16 Buy ratings compared to 2 Holds assigned in the last three months give it a ‘Strong Buy’ analyst consensus. Additionally, its $300 average price target puts the upside potential at 21%. (See ServiceNow stock analysis on TipRanks)Smartsheet (SMAR)With Davis calling Smartsheet “one of the best positioned and executing firms that we follow," this software company is definitely on our radar.Smartsheet offers its customers a software platform for the workplace, with this solution allowing teams to work more effectively and improve overall outcomes. While the company provides solid products, the project management space is overcrowded with competitors. That being said, Davis highlights SMAR as a standout based on the fact that its software does exactly what it’s supposed to do.“Smartsheet makes the buying, pricing and expansion process comfortable. When you combine passionate customers with technical prowess and pleasant buying experience, you have the ingredients for a long runway of growth,” the analyst commented.Davis argues that the key to successfully navigating a competitive industry is to continue to innovate, get scale as well as meet the needs of current customers, all three of which the analyst says SMAR is doing. The company has kept customers excited by adding new features including conditional logic enhancements, cut and copy widgets, new ways to filter, multiple select drop down lists and several others. Based on the company’s 134% customer retention, its users are liking what they’re seeing.Like Davis, the rest of the Street has high hopes for SMAR. With 8 Buy ratings and 1 Hold received in the last three months, the message is clear: the software stock is a "Strong Buy." At an average price target of $50.44, the potential twelve month gain lands at 24%. (See Smartsheet stock analysis on TipRanks)Upland Software (UPLD)While it’s yet another player in the workplace software space, Davis thinks Upland stands to become a disruptrive player in the sector thanks to its recent acquisition.On October 6, UPLD announced that it was set to buy Altify for $84 million. Altify is a customer revenue optimization platform that is built natively on Salesforce. It was designed to improve sales execution by solving account management problems and by meeting sales process optimization needs. According to the analyst, Altify complements UPLD’s existing product offerings as well as provides a new customer base for the company to sell to.With this purchase representing UPLD’s fifth acquisition in just the last six months, the company could see major gains driven by these expansion efforts. However, all of this M&A activity does pose risk in terms of integration. Nonetheless, the five-star analyst cites the company’s strong management team and well-practiced method for executing integrations as mitigating some of these concerns.“If we assume that investors are willing to pay a mid-teens EBITDA multiple for Upland's combination of gradually improving organic growth, reliable and accretive M&A, and high margins, we continue to believe that the stock should push through $50 in the next year,” Davis explained.As the current share price is $38.04, Davis’ price target of $55 suggests shares could climb 45% higher over the next twelve months.With only bullish calls issued in the last three months, the word on the Street is that UPLD is a "Strong Buy." Adding to the good news, its $55 average price target indicates the highest upside potential on our list, 43.53% to be exact. (See Upland Software stock analysis on TipRanks)To find good ideas for tech stocks trading at fair value or better, visit TipRanks’ Best Stocks to Buy tool, a newly launched feature that unites all of TipRanks’ equity insights.
TipRanks does the legwork of analyzing the analyst. The platform uses natural language algorithms to sort through the stock reports of over 5,500 Wall Street analysts, determining who made the best calls, and which recommendation brought in the best returns. The result is a comprehensive database of stock analysts, rated and ranked by success and return. When you see 5 stars next to a TipRanks analyst, you know who to trust.Today, we’ve pulled reports from three of the top analysts in the TipRanks database. These Wall Street wizards have success rates in excess of 70%, and average returns above 20%. We’ll look at a recent recommendation from each of them, to see what makes a stock compelling to the experts.Mastercard (MA)Oppenheimer’s Glenn Greene is currently ranked 1 in the TipRanks database. He earned his five stars with an 84% success rate on his stock calls. Greene’s average return of 21.3%, indicating that the stocks in his coverage universe are profitable as well as bullish.Greene has recently issued a report on Mastercard, the credit card company. The top analyst had attended the company's Investor Day, and came away with a bullish outlook, giving the stock a Buy rating and a $312 price target (15% upside from current levels).Mastercard isn’t really a credit card company. Rather, it’s a payment processor, for cards issued with the company brand. Mastercard’s business model is built on a range of income streams – royalties from card issuers using the brand, fees from the card issuers for using the company’s payment processing, and transaction fees from card users for the privilege of having a credit card. Like most multi-stream incomes, the model is resilient in bad economic times and highly profitable in good times. A look at the stock’s recent performance bears this out.Markets swooned in Q4 of 2018, and the S&P 500 slipped 14%. MA shares showed a steeper loss, of 21%. But where the S&P has since made an impressive 22% rebound, MA has gained an even more impressive 50% since bottoming out. Mastercard’s most recent report, for Q2, showed a 12% revenue gain, to $4.11 billion, and an adjusted EPS of $1.89 per share, well ahead of the $1.83 expected.All of that forms the background to Glenn Greene’s meeting with company management. In Greene’s words, “MA maintains a sizeable global market opportunity and continues to emphasize its broad B2B opportunity (particularly around accounts payable), Services business and real-time ACH capabilities. Encouragingly, MA's intra-quarter volumes through August remained directionally stable with both July and 2Q19 levels. We remain quite encouraged by MA’s strategic direction and that its long-term growth trajectory remains intact.”Wall Street’s analysts have been nothing but bullish on MA over the past three months. Out of 16 analysts, all 16 are bullish on the stock. With a return potential of 17%, the stock's consensus target price stands at $317.31. (See Mastercard stock analysis on TipRanks)Smartsheet (SMAR)Holding the 3 spot in TipRanks is Canaccord analyst Richard Davis. Davis’ specialty are the tech stocks; he particularly likes the Software-as-a-Service sector. Davis boasts an excellent 79% success rate on his stock reviews, but his real strength as an analyst is in his return. An investor following Davis’ advice over the past year would have seen an impressive 42.5% return on cash invested.Smartsheet is one of the companies that Davis likes. It’s a SaaS company, marketing a cloud-based workspace management and collaboration system. Companies use Smartsheet’s products to share and a manage work projects, assign and track progress, and manage calendars. The interface is designed to make tracking simple and intuitive. Most importantly, for customers, Smartsheet’s product is meant to interface with other popular cloud systems, such as Microsoft Office, Google Apps, Salesforce.com, or Dropbox.Filling a necessary niche, and allowing integration with competitor’s products, has brought Smartsheet success. While the company’s earnings, like those of many recent tech companies, are underwater, revenues are rising steadily and the earnings consistently beat expectations. In the Q2 report, released this past September, the company showed an EPS loss of 8 cents, against the 16 cents expected. Revenues were solid, and at $64.6 million beat the $63.5 million forecast. In the last year, SMAR has beaten earnings and revenue forecasts four times out of four.In his comments on SMAR, Davis displays both his acumen for finding the right stock, and his strategic sense for long-term investing. He writes, “We believe software has become much more secular than cyclical in terms of growth and Smartsheet is one of the best positioned and executing firms that we follow. The stock’s valuation is cheaper, but obviously not cheap on any traditional metric. However, we strongly believe this firm has a long-tail growth opportunity, so investors should own at least a starter position in SMAR and hope for a pullback to fill out their position.” His $45 price target suggests a 14% upside to SMAR shares.Overall, this stock’s Strong Buy analyst consensus rating is based on 8 Buys and 1 Hold set in the past three months. SMAR’s $50 average price target is slightly higher than Davis’, and indicates room for a potential 27% upside. (See Smartsheet stock analysis on TipRanks)ON Semiconductor (ON)Jefferies' Mark Lipacis is one of ON's biggest bulls, and he is also one of the top-rated analysts who cover the stock.Lipacis holds the 7 slot out of the 5,500 analysts rated at TipRanks. His 75% success rate and 28% average return indicate a solid performance over time. The stocks he studies are oriented heavily towards hi-tech hardware; his recent ratings have included most of the big semiconductor companies.ON is one of the world’s top semiconductor companies, counting by sales, with $5.88 billion in revenue for FY 2018. Net income that year was $630 million. The products behind the earnings are a normal array of computer chips. ON Semi’s chips are used to power logic systems, signal management systems, and custom devices in the automotive, communications, and industrial sectors. The company is based in Arizona, but has offices and facilities across North America, Europe, and East Asia.The generally poor 2H18 market performance hit ON particularly hard, and the company’s earnings are still depressed. Revenues in Q2 2019 missed the forecast, with the $1.35 billion reported being 2.3% below expectations. EPS, at 42 cents, was positive, meeting the analysts’ consensus. Guidance for Q3 is also below consensus, a common tactic for managing expectations.Lipacis, in his notes on ON shares, pointed out, “ON noted inventory days in channel declining, a meaningful QQ pick up in disti resales and signs of recovery in industrial and automotive Greater China demand. We believe our margin expansion thesis will play out.”Expanding on this, Lipacis added, “ON believes the demand has stabilized at a lower level of revenue... Automotive and Industrial end markets saw a positive pick up in the Greater China region... Based on conversations with customers, ON expects QQ growth in 3Q19 communications (5G deployment and new smartphone models with higher content)…” In other words, Lipacis believes that the hard times are behind ON, revenue and demand have found a new equilibrium, and that 5G conversion will boost sales and profits going forward.Lipacis has a price target of $27.00 on this stock, suggesting an eye-opening 43% upside. In this, he is far more bullish than most; ON has an average price target of $23.46, indicating about 24% upside from the $19 share price. The stock’s Strong Buy consensus rating is based on 12 Buys, versus just 1 Hold and 1 Sell. (See ON Semiconductor stock analysis on TipRanks)
Increased costs, inefficient processes and greater patient care demands are driving organizations to realize the impact of streamlining productivity through cost-effective solutions that improve overall business efficiency and meet today’s healthcare needs. “The healthcare industry is increasingly feeling the pressure to optimize organizational and financial processes while keeping innovation and patient experience at the forefront,” said Mark Mader, CEO of Smartsheet. Smartsheet understands the critical balance the healthcare industry faces with regard to implementing digital transformation initiatives while meeting strict regulatory requirements.
We can judge whether Smartsheet Inc. (NYSE:SMAR) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There's no better way to get these firms' immense resources and analytical capabilities working for us than to follow their lead into their best ideas. […]