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Fly News Breaks for December 5, 2019
SMAR
Dec 5, 2019 | 09:36 EDT
DA Davidson analyst Rishi Jaluria raised his price target on Smartsheet to $44 after its Q3 earnings beat and "strong" sales execution. The quarter showed that the company's capability-based products continue to gain traction and the momentum of its large customer growth was sustained, the analyst tells investors. Jaluria still keeps his Neutral rating on Smartsheet but raises his FY20 and FY21 EPS views by 4c and 2c to (53c) and (52c) respectively.
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