There’s a lot to be optimistic about in the Technology sector as 1 analysts just weighed in on and Smartsheet (SMAR) with bullish sentiments.
Smartsheet (SMAR)
Stephens analyst Ryan MacWilliams maintained a Buy rating on Smartsheet on July 16 and set a price target of $55.00. The company’s shares closed last Wednesday at $47.91.
According to TipRanks.com, MacWilliams is a 4-star analyst with an average return of 12.6% and a 54.7% success rate. MacWilliams covers the Technology sector, focusing on stocks such as Zoom Video Communications, Slack Technologies, and Vonage Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Smartsheet with a $60.54 average price target, a 25.9% upside from current levels. In a report issued on July 27, KeyBanc also initiated coverage with a Buy rating on the stock with a $60.00 price target.
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