Morgan Stanley analyst Stan Zlotsky maintained a Buy rating on Smartsheet Inc (NYSE: SMAR) today and set a price target of $31. The company’s shares closed yesterday at $28.95.
According to TipRanks.com, Zlotsky is a 4-star analyst with an average return of 25.0% and a 76.0% success rate. Zlotsky covers the Technology sector, focusing on stocks such as Coupa Software Inc, Veeva Systems, and Sendgrid Inc.
Currently, the analyst consensus on Smartsheet Inc is Strong Buy and the average price target is $25.67, representing a -11.3% downside.
In a report issued on May 22, Jefferies also initiated coverage with a Buy rating on the stock with a $25 price target.
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The company has a one-year high of $32.79 and a one-year low of $18.06. Currently, Smartsheet Inc has an average volume of 739.3K.
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Smartsheet, Inc. engages in managing and automating collaborative work. Its platform provides solutions that eliminate the obstacles to capturing information, including a familiar and intuitive spreadsheet interface as well as easily customizable forms.
