Smartsheet (SMAR) Stock Forecast & Price Target

$48.41

+1.28 (+2.72%)

(As of 07/26/2024 ET)

Smartsheet - Analysts' Recommendations 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.

Consensus Rating

Moderate Buy
Based on 17 Analyst Ratings

Based on 17 Wall Street analysts who have issued ratings for Smartsheet in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 1 has given a sell rating, 3 have given a hold rating, and 13 have given a buy rating for SMAR.

Consensus Price Target

$52.00
7.42% Upside

High Forecast	$63.00
Average Forecast	$52.00
Low Forecast	$43.00

According to the 17 analysts' twelve-month price targets for Smartsheet, the average price target is $52.00. The highest price target for SMAR is $63.00, while the lowest price target for SMAR is $43.00. The average price target represents a forecasted upside of 7.42% from the current price of $48.41.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
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	13 Buy rating(s)	13 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)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$52.00	$52.00	$49.75	$49.06
Forecasted Upside	7.42% Upside	25.43% Upside	24.90% Upside	28.88% Upside

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SMAR Analyst Recommendations 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.

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.

Smartsheet Stock vs. The Competition

Type	Smartsheet	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.71	2.61	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	7.42% Upside	554.04% Upside	9.18% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
6/25/2024	Guggenheim 3 of 5 stars		Reiterated Rating	Buy ➝ Buy	$56.00 ➝ $56.00	+33.72%
6/6/2024	UBS Group 4 of 5 stars		Boost Target	Buy ➝ Buy	$54.00 ➝ $56.00	+27.30%
6/6/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$47.00 ➝ $50.00	+13.66%
6/6/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$40.00 ➝ $45.00	+2.37%
6/6/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$42.00 ➝ $48.00	+9.59%
6/6/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$51.00 ➝ $53.00	+19.26%
Get the Latest News and Ratings for SMAR and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Smartsheet and its competitors with MarketBeat's FREE daily newsletter.
6/6/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$45.00 ➝ $52.00	+37.71%
6/6/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$36.00 ➝ $43.00	+13.88%
6/6/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$57.00 ➝ $57.00	+50.95%
3/21/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Weight
3/15/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$57.00 ➝ $50.00	+29.37%
3/15/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$60.00 ➝ $55.00	+42.30%
3/15/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Luria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$65.00 ➝ $55.00	+42.30%
3/15/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$54.00 ➝ $50.00	+29.67%
2/26/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underperform	$45.00	+7.04%
1/11/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$56.00 ➝ $63.00	+31.00%
12/8/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$50.00 ➝ $55.00	+22.91%
6/12/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
3/15/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral	$40.00	+4.38%
12/2/2022	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jackson Ader Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$45.00	+18.73%
9/23/2022	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 10:12 PM ET.

SMAR Forecast - Frequently Asked Questions

What is Smartsheet's forecast for 2024?: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Smartsheet is $52.00, with a high forecast of $63.00 and a low forecast of $43.00.
Should I buy or sell Smartsheet stock right now?: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last year. There is currently 1 sell rating, 3 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SMAR shares.
Does Smartsheet's stock price have much upside?: According to analysts, Smartsheet's stock has a predicted upside of 25.43% based on their 12-month stock forecasts.
What analysts cover Smartsheet?: Smartsheet has been rated by research analysts at Barclays, BMO Capital Markets, Canaccord Genuity Group, Guggenheim, Morgan Stanley, Needham & Company LLC, Royal Bank of Canada, UBS Group, and Wells Fargo & Company in the past 90 days.
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 2.71 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how SMAR compares to other companies.