Fintel reports that on September 22, 2023, Truist Securities reiterated coverage of Smartsheet Inc - (NYSE:SMAR) with a Buy recommendation.
Analyst Price Forecast Suggests 29.74% Upside
As of August 31, 2023, the average one-year price target for Smartsheet Inc - is 51.78. The forecasts range from a low of 40.40 to a high of $63.00. The average price target represents an increase of 29.74% from its latest reported closing price of 39.91.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Smartsheet Inc - is 987MM, an increase of 13.78%. The projected annual non-GAAP EPS is -0.07.
What is the Fund Sentiment?
There are 666 funds or institutions reporting positions in Smartsheet Inc -. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to SMAR is 0.35%, a decrease of 14.01%. Total shares owned by institutions increased in the last three months by 0.80% to 157,165K shares. 
The put/call ratio of SMAR is 0.36, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 15,848K shares representing 11.73% ownership of the company. In it's prior filing, the firm reported owning 14,592K shares, representing an increase of 7.93%. The firm decreased its portfolio allocation in SMAR by 19.11% over the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 7,917K shares representing 5.86% ownership of the company. In it's prior filing, the firm reported owning 7,791K shares, representing an increase of 1.59%. The firm decreased its portfolio allocation in SMAR by 22.99% over the last quarter.
Brown Capital Management holds 6,364K shares representing 4.71% ownership of the company. In it's prior filing, the firm reported owning 6,020K shares, representing an increase of 5.41%. The firm decreased its portfolio allocation in SMAR by 19.69% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,898K shares representing 2.88% ownership of the company. In it's prior filing, the firm reported owning 3,863K shares, representing an increase of 0.89%. The firm decreased its portfolio allocation in SMAR by 25.49% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 3,790K shares representing 2.80% ownership of the company. No change in the last quarter.
Smartsheet Background Information
(This description is provided by the company.)
Smartsheet is the enterprise platform for dynamic work. By aligning people and technology so organizations can move faster and drive innovation, Smartsheet enables its millions of users to achieve more.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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This story originally appeared on Fintel.
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