Barclays raised the firm’s price target on Smartsheet to $56.50 from $50 and keeps an Equal Weight rating on the shares after Blackstone and Vista Equity Partners agreed to acquire Smartsheet at $56.50 per share in an all-cash deal. The firm views the deal as a “strong outcome to the Smartsheet story.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMAR:
- Smartsheet downgraded to Hold from Buy at Canaccord
- Smartsheet downgraded to Market Perform from Outperform at BMO Capital
- Smartsheet downgraded to Market Perform from Outperform at William Blair
- Smartsheet downgraded to Neutral from Buy at DA Davidson
- Smartsheet downgraded to Hold from Buy at Jefferies