Truist raised the firm’s price target on Smartsheet to $60 from $55 and keeps a Buy rating on the shares. The company’s Q2 results were “solid”, with upside to revenue, profit, free cash flow, and annual recurring revenue, or ARR, the analyst tells investors in a research note. Smartsheet’s Enterprise business continues to show resilient strength seen in large deal traction, and its Q2 marked the company’s largest expansion quarter ever, the firm added.
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