Analysts Offer Insights on Technology Companies: Yext (YEXT) and Smartsheet (SMAR)


There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Yext (YEXT) and Smartsheet (SMAR) with bullish sentiments.

Yext (YEXT)

In a report released today, Brett Knoblauch from Berenberg Bank reiterated a Buy rating on Yext, with a price target of $17.00. The company’s shares closed last Monday at $14.26, close to its 52-week low of $12.83.

According to TipRanks.com, Knoblauch is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -13.4% and a 12.5% success rate. Knoblauch covers the Technology sector, focusing on stocks such as Pluralsight, Smartsheet, and Box.

Yext has an analyst consensus of Moderate Buy, with a price target consensus of $20.21, implying a 56.8% upside from current levels. In a report issued on December 5, SunTrust Robinson also maintained a Buy rating on the stock with a $28.00 price target.

See today’s analyst top recommended stocks >>

Smartsheet (SMAR)

In a report issued on December 5, Ryan MacWilliams from Stephens maintained a Buy rating on Smartsheet, with a price target of $55.00. The company’s shares closed last Monday at $44.66.

According to TipRanks.com, MacWilliams is ranked 0 out of 5 stars with an average return of -10.3% and a 27.3% success rate. MacWilliams covers the Technology sector, focusing on stocks such as Zoom Video Communications, Slack Technologies, and Everbridge.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Smartsheet with a $49.11 average price target.

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