Smartsheet price target raised to $41 from $38 at BMO Capital

BMO Capital analyst Keith Bachman raised the firm’s price target on Smartsheet to $41 from $38 and keeps an Outperform rating on the shares. The analyst cites the company’s Q3 beat across the board while noting that demand metrics continue to remain "more durable than feared". Bachman also raises his FY23 EPS view on Smartsheet by 23c to (31c) and his FY24 view by 8c to (24c).