Citi raised the firm’s price target on Smartsheet to $52 from $49 and keeps a Neutral rating on the shares. The company reported “strong” Q2 results as the macro environment showed signs of stabilization in enterprise, helping support the strong billings beat that should help alleviate concerns, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SMAR:
- Smartsheet (NYSE:SMAR) Rises on Impressive Q2 Results
- Smartsheet price target raised to $50 from $45 at Barclays
- Smartsheet jumps 8% to $43.50 after Q2 earnings beat and guidance raise
- Smartsheet raises FY24 EPS view to 53c-57c from 37c-44c, consensus 42c
- Smartsheet sees Q3 adjusted EPS 8c-9c, consensus 7c
