Smartsheet Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last year. There are currently 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Smartsheet stock.
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13 brokers have issued twelve-month price objectives for Smartsheet's stock. Their SMAR stock forecasts range from $38.00 to $100.00. On average, they predict Smartsheet's stock price to reach $58.50 in the next twelve months. This suggests a possible upside of 80.9% 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 58.3% and is now trading at $32.33.
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Smartsheet is scheduled to release its next quarterly earnings announcement on Tuesday, September 6th 2022.
View our earnings forecast for Smartsheet.

Smartsheet Inc (NYSE:SMAR) released its earnings results on Tuesday, June, 7th. The company reported ($0.18) earnings per share for the quarter, beating analysts' consensus estimates of ($0.19) by $0.01. The firm had revenue of $168.31 million for the quarter, compared to analysts' expectations of $162.55 million. Smartsheet had a negative trailing twelve-month return on equity of 36.73% and a negative net margin of 33.96%. Smartsheet's quarterly revenue was up 43.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.28) earnings per share.
View Smartsheet's earnings history.

Smartsheet issued an update on its second quarter 2023 earnings guidance on Tuesday, June, 28th. The company provided earnings per share (EPS) guidance of -$0.21--$0.19 for the period, compared to the consensus earnings per share estimate of -$0.17. The company issued revenue guidance of $180.00 million-$181.00 million, compared to the consensus revenue estimate of $179.52 million.

182 employees have rated Smartsheet CEO Mark Mader on Glassdoor.com. Mark Mader has an approval rating of 90% among Smartsheet's employees.

Some companies that are related to Smartsheet include Check Point Software Technologies (CHKP), Twilio (TWLO), Okta (OKTA), SS&C Technologies (SSNC), Cloudflare (NET), HubSpot (HUBS), Splunk (SPLK), Take-Two Interactive Software (TTWO), Tyler Technologies (TYL), ZoomInfo Technologies (ZI), NortonLifeLock (NLOK), PTC (PTC), Citrix Systems (CTXS), NICE (NICE) and DocuSign (DOCU).
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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), Square (SQ), Shopify (SHOP), Trade Desk (TTD), Salesforce (CRM) and Tesla (TSLA).

(SMAR) raised $128 million in an 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 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 $32.33.

Smartsheet (NYSE:SMAR) has a market capitalization of $4.19 billion and generates $550.83 million in revenue each year. The company earns $-171.10 million in net income (profit) each year or ($1.610010) on an earnings per share basis.

Smartsheet 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 Smartsheet is www.smartsheet.com. The company can be reached via phone at 844-324-2360 or via email at [email protected].