Needham analyst Scott Berg maintained a Buy rating on Smartsheet (NYSE:SMAR) Inc on Friday, setting a price target of $100, which is approximately 63.51% above the present share price of $61.16.
Berg expects Smartsheet Inc to post earnings per share (EPS) of -$0.35 for the fourth quarter of 2021.
The current consensus among 13 TipRanks analysts is for a Strong Buy rating of shares in Smartsheet, with an average price target of $89.92.
The analysts price targets range from a high of $100 to a low of $72.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $131.74 million and a net profit of -$43.55 million. The company's market cap is $7.7 billion.
According to TipRanks.com, Needham analyst Scott Berg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.8% and a 63.16% success rate.
Smartsheet, Inc. engages in the design and development of cloud-based platform for work management. It offers ways for customers to plan and manage their work using grids, projects, cards, and calendars. The company was founded by W. Eric Browne, Maria Colacurcio, John D. Creason, and Brent R. Frei in 2005 and is headquartered in Bellevue, WA.