Oppenheimer analyst Ittai Kidron assigned a Buy rating to Smartsheet (SMAR) yesterday and set a price target of $75.00. The company’s shares closed last Monday at $62.47.
According to TipRanks.com, Kidron is a top 25 analyst with an average return of 39.7% and a 76.5% success rate. Kidron covers the Technology sector, focusing on stocks such as Zoom Video Communications, Slack Technologies, and Cambium Networks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Smartsheet with a $65.67 average price target, a 6.3% upside from current levels. In a report released yesterday, Stephens also assigned a Buy rating to the stock with a $55.00 price target.
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The company has a one-year high of $62.11 and a one-year low of $30.91. Currently, Smartsheet has an average volume of 1.25M.
Based on the recent corporate insider activity of 156 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SMAR in relation to earlier this year.
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Smartsheet, Inc. engages in the design and development of cloud-based platform for work management. It offers ways for customers to plan and manage their work using grids, projects, cards, and calendars. The company was founded by W. Eric Browne, Maria Colacurcio, John D. Creason, and Brent R. Frei in 2005 and is headquartered in Bellevue, WA.
