Smartsheet - SMAR Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last year. There are currently 3 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SMAR shares.
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15 brokers have issued 12 month price objectives for Smartsheet's shares. Their SMAR share price forecasts range from $38.00 to $65.00. On average, they expect the company's share price to reach $48.76 in the next year. This suggests a possible upside of 42.2% from the stock's current price.
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Smartsheet's stock was trading at $77.45 at the beginning of 2022. Since then, SMAR stock has decreased by 55.7% and is now trading at $34.30.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 1st 2022.
View our SMAR earnings forecast.

Smartsheet Inc (NYSE:SMAR) issued its quarterly earnings results on Thursday, September, 1st. The company reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.10. The business earned $186.70 million during the quarter, compared to analyst estimates of $180.56 million. Smartsheet had a negative trailing twelve-month return on equity of 42.47% and a negative net margin of 33.88%. The company's quarterly revenue was up 41.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.28) EPS.

Smartsheet updated its third quarter 2023 earnings guidance on Thursday, September, 29th. The company provided earnings per share guidance of -$0.16--$0.15 for the period, compared to the consensus EPS estimate of -$0.15. The company issued revenue guidance of $193.00 million-$194.00 million, compared to the consensus revenue estimate of $195.06 million.

182 employees have rated Smartsheet Chief Executive Officer Mark Mader on Glassdoor.com. Mark Mader has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Smartsheet investors own include NVIDIA (NVDA), DocuSign (DOCU), Twilio (TWLO), Alibaba Group (BABA), Okta (OKTA), Block (SQ), Shopify (SHOP), Trade Desk (TTD), Salesforce (CRM) and Tesla (TSLA).

(SMAR) raised $128 million in an initial public offering (IPO) on Friday, April 27th 2018. The company issued 11,600,000 shares at $10.00-$12.00 per share. Morgan Stanley, J.P. Morgan, Jefferies and RBC Capital Markets acted as the underwriters for the IPO and Canaccord Genuity, William Blair and SunTrust Robinson Humphrey were co-managers.

Smartsheet trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMAR."

Shares of SMAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SMAR stock can currently be purchased for approximately $34.30.

Smartsheet (NYSE:SMAR) has a market capitalization of $4.44 billion and generates $550.83 million in revenue each year. The company earns $-171,100,000.00 in net income (profit) each year or ($1.74) on an earnings per share basis.

The company employs 2,539 workers across the globe.

Smartsheet's mailing address is 10500 NE 8TH STREET SUITE 1300, BELLEVUE WA, 98004. The official website for the company is www.smartsheet.com. The company can be reached via phone at 844-324-2360 or via email at investorrelations@smartsheet.com.