Information Provided By:
Fly News Breaks for July 11, 2019
SMAR
Jul 11, 2019 | 07:43 EDT
Needham analyst Scott Berg raised his price target on Smartsheet to $60 and kept his Buy rating after his visit to the company's HQ yesterday, saying the discussions increased his confidence in his belief that the firm can grow its revenues by 40% or more over the next 2 or more years. The analyst contends that the Collaborative Work Management market is still in the early stages and features "little direct competition", adding that Smartsheet's M&A capacity and "robust" product roadmap will allow it to stay ahead of the "less flexible" solutions of the competition.
News For SMAR From the Last 2 Days
There are no results for your query SMAR