Smartsheet Inc. (SMAR)
NYSE: SMAR · IEX Real-Time Price · USD
37.42
-0.28 (-0.74%)
Apr 18, 2024, 4:00 PM EDT - Market closed
Smartsheet Stock Forecast
Stock Price Forecast
The 19 analysts with 12-month price forecasts for Smartsheet stock have an average target of 48.95, with a low estimate of 36 and a high estimate of 57. The average target predicts an increase of 30.81% from the current stock price of 37.42.
Analyst Consensus: Buy
* Price targets were last updated on Mar 18, 2024.
Analyst Ratings
The average analyst rating for Smartsheet stock from 20 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 7 | 6 |
| Buy | 6 | 6 | 6 | 6 | 8 | 8 |
| Hold | 4 | 4 | 4 | 4 | 5 | 5 |
| Sell | 0 | 0 | 0 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 15 | 16 | 21 | 20 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keybanc | Keybanc | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Mar 21, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $48 → $42 | Buy | Maintains | $48 → $42 | +12.24% | Mar 18, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $55 → $45 | Strong Buy | Maintains | $55 → $45 | +20.26% | Mar 18, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $56 → $51 | Buy | Maintains | $56 → $51 | +36.29% | Mar 15, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $48 → $36 | Hold | Maintains | $48 → $36 | -3.79% | Mar 15, 2024 |
Financial Forecast
Revenue This Year
1.14B
from 958.34M
Increased by 18.75%
Revenue Next Year
1.32B
from 1.14B
Increased by 16.17%
EPS This Year
1.13
from -0.78
EPS Next Year
1.45
from 1.13
Increased by 28.26%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.2B | 1.5B | 1.8B | 2.1B | 2.4B |
| Avg | 1.1B | 1.3B | 1.5B | 2.0B | 2.3B |
| Low | 1.1B | 1.2B | 1.4B | 1.9B | 2.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 23.2% | 30.2% | 32.7% | 37.9% | 18.1% |
| Avg | 18.7% | 16.2% | 17.0% | 32.1% | 14.7% |
| Low | 13.8% | 8.6% | 4.6% | 25.1% | 10.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.21 | 1.68 | 2.36 | 1.03 |
| Avg | 1.13 | 1.45 | 1.90 | 1.00 |
| Low | 1.07 | 1.28 | 1.55 | 0.96 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | 48.6% | 62.9% | -45.8% |
| Avg | - | 28.3% | 31.0% | -47.4% |
| Low | - | 13.5% | 6.8% | -49.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.