Morgan Stanley analyst Stan Zlotsky maintained a Buy rating on Smartsheet Inc (SMAR) today and set a price target of $34. The company’s shares closed yesterday at $27.06.
According to TipRanks.com, Zlotsky is a 4-star analyst with an average return of 20.6% and a 69.4% 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 a Strong Buy with an average price target of $35.17, which is a 30.0% upside from current levels. In a report issued on November 30, RBC Capital also maintained a Buy rating on the stock with a $34 price target.
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Based on Smartsheet Inc’s latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $15.57 million. In comparison, last year the company had a GAAP net loss of $10.36 million.
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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.
