Smartsheet (SMAR) Stock Forecast & Price Target

$55.36

+0.02 (+0.04%)

(As of 09/30/2024 ET)

Smartsheet - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 20 Analyst Ratings

Sell
1

Hold
16

Buy
3

Based on 20 Wall Street analysts who have issued ratings for Smartsheet in the last 12 months, the stock has a consensus rating of "Hold." Out of the 20 analysts, 1 has given a sell rating, 16 have given a hold rating, and 3 have given a buy rating for SMAR.

Consensus Price Target

$55.82
0.84% Upside

According to the 20 analysts' twelve-month price targets for Smartsheet, the average price target is $55.82. The highest price target for SMAR is $62.00, while the lowest price target for SMAR is $45.00. The average price target represents a forecasted upside of 0.84% from the current price of $55.36.

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SMAR Analyst Ratings Over Time

Type	Current Forecast 10/2/23 to 10/1/24	1 Month Ago 9/2/23 to 9/1/24	3 Months Ago 7/4/23 to 7/3/24	1 Year Ago 10/2/22 to 10/2/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	13 Buy rating(s)	13 Buy rating(s)	9 Buy rating(s)
Hold	16 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$55.82	$52.41	$52.00	$51.53
Forecasted Upside	0.84% Upside	7.40% Upside	20.12% Upside	26.90% Upside
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy

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SMAR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SMAR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Smartsheet Stock vs. The Competition

Type	Smartsheet	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.10	2.65	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	0.84% Upside	1,685.17% Upside	6.15% Upside
News Sentiment Rating	Neutral News See Recent SMAR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/27/2024	Citigroup 3 of 5 stars	S. Enders Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$63.00 ➝ $56.50	+2.08%
9/26/2024	UBS Group 4 of 5 stars	T. Mcginnis. Jr Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$61.00 ➝ $56.50	+2.02%
9/25/2024	Canaccord Genuity Group 4 of 5 stars	D. Hynes Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
9/25/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Zukin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Peer Perform
9/25/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$50.00 ➝ $56.50	+1.86%
9/25/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Tillman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold	$60.00 ➝ $56.50	+1.88%
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9/25/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Market Perform	$59.00 ➝ $56.50	+1.88%
9/25/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$51.00 ➝ $56.50	+1.88%
9/25/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Roberge Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Market Perform
9/24/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Berg Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold	$57.00	+2.78%
9/24/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Luria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$55.00 ➝ $56.50	+1.88%
9/24/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Turrin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Equal Weight	$57.00	+2.78%
9/24/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$60.00 ➝ $56.50	+1.88%
9/24/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Neutral	$60.00 ➝ $56.50	+1.88%
9/6/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$60.00 ➝ $62.00	+17.60%
9/6/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$55.00 ➝ $57.00	+7.69%
3/21/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Weight
3/15/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$60.00 ➝ $55.00	+42.30%
2/26/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underperform	$45.00	+7.04%
6/12/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
3/15/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral	$40.00	+4.38%
12/2/2022	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jackson Ader Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$45.00	+18.73%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:25 AM ET.

SMAR Forecast - Frequently Asked Questions

: According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Smartsheet is $55.82, with a high forecast of $62.00 and a low forecast of $45.00.
: 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Smartsheet in the last year. There is currently 1 sell rating, 16 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SMAR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SMAR, but not buy additional shares or sell existing shares.
: According to analysts, Smartsheet's stock has a predicted upside of 0.84% based on their 12-month stock forecasts.
: Over the previous 90 days, Smartsheet's stock had 2 downgrades by analysts.
: Smartsheet has been rated by research analysts at Barclays, BMO Capital Markets, Canaccord Genuity Group, Canaccord Genuity Group, Citigroup, DA Davidson, Guggenheim, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Needham & Company LLC, Royal Bank of Canada, Truist Financial, UBS Group, Wells Fargo & Company, William Blair, and Wolfe Research in the past 90 days.
: Analysts like Smartsheet less than other "computer and technology" companies. The consensus rating for Smartsheet is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how SMAR compares to other companies.

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This page (NYSE:SMAR) was last updated on 10/1/2024 by MarketBeat.com Staff

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