In the preceding three months, 15 analysts have released ratings for Smartsheet ( SMAR ) , presenting a wide array of perspectives from bullish to bearish.

The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $48.4, along with a high estimate of $57.00 and a low estimate of $36.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 11.76%.

Diving into Analyst Ratings: An In-Depth Exploration

The standing of Smartsheet ( SMAR ) among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Smartsheet ( SMAR ). This information provides a snapshot of how analysts perceive the current state of the company.

Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Smartsheet ( SMAR ) compared to the broader market.

Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Smartsheet's ( SMAR ) stock. This comparison reveals trends in analysts' expectations over time.

Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Smartsheet's ( SMAR ) market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.

Stay up to date on Smartsheet ( SMAR ) analyst ratings.

Get to Know Smartsheet Better

Smartsheet ( SMAR ) is a provider of collaborative work management software delivered via a cloud-based, software-as-a-service model. The firm's solution offers scalable, dynamic tools to improve the efficiency of project and process management across countless use cases. Smartsheet's ( SMAR ) offering supports workflow management across teams, provides real-time visibility into projects, and reporting and automation capabilities. The firm generates revenue via software subscriptions on a per-user basis, and incremental charges for added platform capabilities.

Financial Insights: Smartsheet

Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.

Revenue Growth: Over the 3 months period, Smartsheet ( SMAR ) showcased positive performance, achieving a revenue growth rate of 23.22% as of 31 October, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: Smartsheet's ( SMAR ) net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -13.19%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Smartsheet's ( SMAR ) ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -5.92%, the company may face hurdles in generating optimal returns for shareholders.

Return on Assets (ROA): Smartsheet's ( SMAR ) ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -2.74%, the company may face hurdles in achieving optimal financial performance.

Debt Management: With a below-average debt-to-equity ratio of 0.1, Smartsheet ( SMAR ) adopts a prudent financial strategy, indicating a balanced approach to debt management.

How Are Analyst Ratings Determined?

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

This article was generated by Benzinga's automated content engine and reviewed by an editor.