Smartsheet (SMAR) Stock Forecast & Price Target

$37.45
-0.91 (-2.37%)
(As of 11:21 AM ET)

Smartsheet Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 16 Analyst Ratings

Analysts' Consensus Price Target

$49.75
32.84% Upside
High Forecast$63.00
Average Forecast$49.75
Low Forecast$36.00
TypeCurrent Forecast
4/26/23 to 4/25/24
1 Month Ago
3/27/23 to 3/26/24
3 Months Ago
1/26/23 to 1/26/24
1 Year Ago
4/26/22 to 4/26/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
12 Buy rating(s)
12 Buy rating(s)
12 Buy rating(s)
12 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$49.75$49.75$53.87$49.29
Predicted Upside32.84% Upside24.90% Upside26.41% Upside32.20% Upside
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SMAR Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SMAR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Smartsheet Stock vs. The Competition

TypeSmartsheetComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.69
2.58
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside29.69% Upside109.07% Upside9.99% Upside
News Sentiment RatingPositive News
Neutral News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
3/21/2024KeyCorp
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 Initiated CoverageSector Weight
3/18/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$55.00 ➝ $45.00+16.91%
3/18/2024BMO Capital Markets
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 Lower TargetOutperform ➝ Outperform$48.00 ➝ $42.00+9.12%
3/15/2024Barclays
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 Lower TargetEqual Weight ➝ Equal Weight$50.00 ➝ $40.00+3.49%
3/15/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$57.00+47.48%
3/15/2024Jefferies Financial Group
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 Lower TargetBuy ➝ Buy$57.00 ➝ $50.00+29.37%
3/15/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$55.00 ➝ $47.00+21.60%
3/15/2024Oppenheimer
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 Lower TargetOutperform ➝ Outperform$60.00 ➝ $55.00+42.30%
3/15/2024UBS Group
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 Lower TargetBuy ➝ Buy$60.00 ➝ $54.00+39.72%
3/15/2024DA Davidson
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G. Luria
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Lower TargetBuy ➝ Buy$65.00 ➝ $55.00+42.30%
3/15/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$54.00 ➝ $50.00+29.67%
3/15/2024Royal Bank of Canada
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 Lower TargetSector Perform ➝ Sector Perform$48.00 ➝ $36.00-6.64%
3/15/2024Morgan Stanley
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 Lower TargetOverweight ➝ Overweight$56.00 ➝ $51.00+32.26%
2/26/2024Bank of America
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 Initiated CoverageUnderperform$45.00+7.04%
1/11/2024Citigroup
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 UpgradeNeutral ➝ Buy$56.00 ➝ $63.00+31.00%
12/8/2023Truist Financial
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 Boost TargetBuy ➝ Buy$50.00 ➝ $55.00+22.91%
6/12/2023888
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 Reiterated RatingMaintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 11:37 AM ET.

SMAR Price Target - Frequently Asked Questions

What is Smartsheet's consensus rating and price target?

According to the issued ratings of 16 analysts in the last year, the consensus rating for Smartsheet stock is Moderate Buy based on the current 1 sell rating, 3 hold ratings and 12 buy ratings for SMAR. The average twelve-month price prediction for Smartsheet is $49.75 with a high price target of $63.00 and a low price target of $36.00. Learn more on SMAR's analyst rating history.

Do Wall Street analysts like Smartsheet more than its competitors?

Analysts like Smartsheet more than other Computer and Technology companies. The consensus rating score for Smartsheet is 2.69 while the average consensus rating score for computer and technology companies is 2.59. Learn more on how SMAR compares to other companies.

Does Smartsheet's stock price have much upside?

According to analysts, Smartsheet's stock has a predicted upside of 24.90% based on their 12-month stock forecasts.


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This page (NYSE:SMAR) was last updated on 4/25/2024 by MarketBeat.com Staff

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