Smartsheet (SMAR) Stock Forecast, Price Target & Predictions

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SMAR Stock Forecast

Smartsheet stock forecast is as follows: an average price target of $56.59 (represents a 1.25% upside from SMAR’s last price of $55.89) and a rating consensus of 'Hold', based on 18 wall street analysts offering a 1-year stock forecast.

SMAR Price Target

The average price target for Smartsheet (SMAR) is $56.59 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $100.00 to $40.00. This represents a potential 1.25% upside from SMAR's last price of $55.89.

SMAR Analyst Ratings

Hold

According to 18 Wall Street analysts, Smartsheet's rating consensus is 'Hold'. The analyst rating breakdown for SMAR stock is 0 'Strong Buy' (0.00%), 6 'Buy' (33.33%), 11 'Hold' (61.11%), 1 'Sell' (5.56%), and 0 'Strong Sell' (0.00%).

Smartsheet Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Sep 26, 2024	Taylor McGinnis	UBS	$56.50	$55.36	2.06%	1.09%
Sep 25, 2024	Rishi Jaluria	RBC Capital	$56.50	$55.46	1.88%	1.09%
Sep 25, 2024	Keith Bachman	BMO Capital	$56.50	$55.46	1.88%	1.09%
Sep 06, 2024	Josh Baer	Morgan Stanley	$57.00	$49.35	15.50%	1.99%
Sep 06, 2024	Keith Bachman	BMO Capital	$59.00	$49.35	19.55%	5.56%
Sep 06, 2024	Terry Tillman	Truist Financial	$60.00	$49.35	21.58%	7.35%
Sep 06, 2024	Rishi Jaluria	RBC Capital	$51.00	$49.35	3.34%	-8.75%
Sep 06, 2024	Ryan MacWilliams	Barclays	$50.00	$49.35	1.32%	-10.54%
Aug 29, 2024	Taylor McGinnis	UBS	$61.00	$48.55	25.64%	9.14%
Jul 19, 2024	Michael Berg	Wells Fargo	$60.00	$47.81	25.50%	7.35%

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The latest Smartsheet stock forecast, released on Sep 26, 2024 by Taylor McGinnis from UBS, set a price target of $56.50, which represents a 2.06% increase from the stock price at the time of the forecast ($55.36), and a 1.09% increase from SMAR last price ($55.89).

Smartsheet Price Target by Period

	1M	3M	12M
# Anlaysts	-	9	21
Avg Price Target	-	$56.39	$52.93
Last Closing Price	$55.89	$55.89	$55.89
Upside/Downside	-100.00%	0.89%	-5.30%

In the current month, the average price target of Smartsheet stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Smartsheet's last price of $55.89. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Nov 11, 2024	Guggenheim	Buy	Neutral	Downgrade
Sep 26, 2024	Citigroup	Buy	Neutral	Downgrade
Sep 26, 2024	UBS	Underperform	Neutral	Downgrade
Sep 25, 2024	Wolfe Research	-	Peer Perform	Downgrade
Sep 25, 2024	Wells Fargo	Sector Perform	Sector Perform	Hold
Sep 25, 2024	UBS	Underperform	Underperform	Hold
Sep 25, 2024	BMO Capital	Outperform	Market Perform	Downgrade
Sep 24, 2024	William Blair	-	Market Perform	Downgrade
Sep 24, 2024	Wells Fargo	Sector Perform	Equal-Weight	Downgrade
Sep 24, 2024	Needham	Buy	Hold	Downgrade

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Smartsheet's last stock rating was published by Guggenheim on Nov 11, 2024. The company Downgrade its SMAR rating from "Buy" to "Neutral".

Smartsheet Financial Forecast

Smartsheet Revenue Forecast

	Jan 27	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	$256.95M	$245.92M	$235.59M	-	$212.34M	$199.58M	$186.69M	-	$157.39M	$144.63M	$131.74M	-	$109.87M	$98.93M	$91.22M	-	$78.52M	$71.53M
Avg Forecast	$398.97M	$386.22M	$372.34M	$356.60M	$337.54M	$325.59M	$315.93M	$303.00M	$295.78M	$283.84M	$274.35M	$258.29M	$255.26M	$241.36M	$229.57M	$214.12M	$206.22M	$193.87M	$180.27M	$162.54M	$151.67M	$139.93M	$125.48M	$111.77M	$102.69M	$94.61M	$86.89M	$81.30M	$77.70M	$69.83M
High Forecast	$400.03M	$387.24M	$373.33M	$357.54M	$338.43M	$326.46M	$316.76M	$303.81M	$296.23M	$284.78M	$274.37M	$258.29M	$255.29M	$241.65M	$230.18M	$214.69M	$206.77M	$194.55M	$180.90M	$163.10M	$152.20M	$140.42M	$125.91M	$112.15M	$103.05M	$94.94M	$87.19M	$81.58M	$77.97M	$70.08M
Low Forecast	$398.03M	$385.31M	$371.47M	$355.76M	$336.74M	$324.83M	$315.18M	$302.29M	$295.57M	$283.49M	$274.32M	$258.29M	$255.23M	$241.06M	$229.03M	$213.62M	$205.74M	$193.45M	$179.88M	$162.19M	$151.34M	$139.63M	$125.20M	$111.52M	$102.47M	$94.40M	$86.70M	$81.12M	$77.53M	$69.68M
# Analysts	5	5	5	5	5	4	4	4	10	11	5	5	6	12	6	6	6	9	9	9	9	6	6	6	8	15	8	10	16	10
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.01%	1.02%	1.03%	-	1.03%	1.03%	1.04%	-	1.04%	1.03%	1.05%	-	1.07%	1.05%	1.05%	-	1.01%	1.02%

Smartsheet's average Quarter revenue forecast for May 24 based on 5 analysts is $258.29M, with a low forecast of $258.29M, and a high forecast of $258.29M. SMAR's average Quarter revenue forecast represents a 0.52% increase compared to the company's last Quarter revenue of $256.95M (Jan 24).

Smartsheet EBITDA Forecast

	Jan 27	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19
# Analysts	5	5	5	5	5	4	4	4	10	11	5	5	6	12	6	6	6	9	9	9	9	6	6	6	8	15	8	10	16	10
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	$-9.57M	$-35.45M	$-36.15M	-	$-38.04M	$-36.32M	$-64.86M	-	$-46.51M	$-31.22M	$-39.07M	-	$-23.81M	$-31.10M	$-22.70M	-	$-29.95M	$-23.18M
Avg Forecast	$-98.73M	$-95.58M	$-92.15M	$-88.25M	$-83.53M	$-80.58M	$-78.18M	$-74.99M	$-73.20M	$-70.24M	$-67.89M	$-67.53M	$-63.17M	$-59.73M	$-56.81M	$-61.39M	$-52.54M	$-47.52M	$-44.18M	$-55.81M	$-37.17M	$-34.30M	$-30.75M	$-36.26M	$-25.17M	$-23.19M	$-21.30M	$-35.57M	$-19.04M	$-17.12M
High Forecast	$-98.50M	$-95.35M	$-91.93M	$-88.04M	$-83.34M	$-80.39M	$-78.00M	$-74.81M	$-73.15M	$-70.16M	$-67.89M	$-54.02M	$-63.16M	$-59.65M	$-56.68M	$-49.11M	$-42.03M	$-47.41M	$-44.09M	$-44.64M	$-37.09M	$-34.22M	$-30.69M	$-29.01M	$-25.11M	$-23.14M	$-21.25M	$-28.46M	$-19.00M	$-17.08M
Low Forecast	$-99.00M	$-95.83M	$-92.39M	$-88.48M	$-83.75M	$-80.79M	$-78.39M	$-75.18M	$-73.31M	$-70.48M	$-67.90M	$-81.03M	$-63.18M	$-59.80M	$-56.96M	$-73.66M	$-63.05M	$-47.68M	$-44.34M	$-66.97M	$-37.30M	$-34.42M	$-30.86M	$-43.52M	$-25.26M	$-23.27M	$-21.37M	$-42.69M	$-19.11M	$-17.18M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.15%	0.59%	0.64%	-	0.72%	0.76%	1.47%	-	1.25%	0.91%	1.27%	-	0.95%	1.34%	1.07%	-	1.57%	1.35%

undefined analysts predict SMAR's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Smartsheet's previous annual EBITDA (undefined) of $NaN.

Smartsheet Net Income Forecast

	Jan 27	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19
# Analysts	5	5	5	5	5	4	4	4	10	11	5	5	6	12	6	6	6	9	9	9	9	6	6	6	8	15	8	10	16	10
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	$-8.98M	$-32.43M	$-33.36M	-	$-42.73M	$-40.14M	$-62.31M	-	$-53.14M	$-36.72M	$-44.17M	-	$-28.66M	$-31.97M	$-26.56M	-	$-28.16M	$-28.86M
Avg Forecast	$78.40M	$71.57M	$67.65M	$66.01M	$62.25M	$56.06M	$54.78M	$50.85M	$46.55M	$42.93M	$41.50M	$-77.16M	$26.72M	$12.33M	$10.51M	$-70.14M	$-61.80M	$-20.99M	$-28.22M	$-63.77M	$-21.12M	$-14.96M	$-18.83M	$-43.66M	$-19.01M	$-30.30M	$-21.47M	$-33.44M	$-22.68M	$-25.61M
High Forecast	$78.67M	$71.82M	$67.88M	$66.24M	$62.47M	$56.25M	$54.97M	$51.03M	$46.71M	$45.79M	$41.50M	$-61.73M	$27.30M	$13.87M	$10.54M	$-56.11M	$-49.44M	$-20.93M	$-28.14M	$-51.01M	$-21.06M	$-14.92M	$-18.78M	$-34.93M	$-18.96M	$-30.21M	$-21.41M	$-26.75M	$-22.62M	$-25.54M
Low Forecast	$78.16M	$71.35M	$67.44M	$65.81M	$62.06M	$55.89M	$54.61M	$50.70M	$45.14M	$41.49M	$41.50M	$-92.59M	$26.13M	$12.29M	$10.47M	$-84.17M	$-74.16M	$-21.08M	$-28.34M	$-76.52M	$-21.21M	$-15.03M	$-18.92M	$-52.39M	$-19.10M	$-30.44M	$-21.56M	$-40.13M	$-22.78M	$-25.73M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-0.34%	-2.63%	-3.17%	-	0.69%	1.91%	2.21%	-	2.52%	2.45%	2.35%	-	1.51%	1.06%	1.24%	-	1.24%	1.13%

Smartsheet's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. SMAR's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

Smartsheet SG&A Forecast

	Jan 27	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19
# Analysts	5	5	5	5	5	4	4	4	10	11	5	5	6	12	6	6	6	9	9	9	9	6	6	6	8	15	8	10	16	10
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	$165.76M	$176.07M	$166.34M	-	$153.67M	$148.75M	$157.22M	-	$127.78M	$110.04M	$108.74M	-	$82.29M	$78.73M	$70.83M	-	$64.99M	$64.23M
Avg Forecast	$310.76M	$300.83M	$290.02M	$277.75M	$262.91M	$253.60M	$246.07M	$236.01M	$230.38M	$221.08M	$213.69M	$185.53M	$198.82M	$187.99M	$178.81M	$168.66M	$185.20M	$151.02M	$140.42M	$153.33M	$118.15M	$109.00M	$97.74M	$87.06M	$79.99M	$73.69M	$67.68M	$77.18M	$60.53M	$54.40M
High Forecast	$311.58M	$301.62M	$290.79M	$278.49M	$263.60M	$254.28M	$246.73M	$236.63M	$230.73M	$221.82M	$213.71M	$222.64M	$198.85M	$188.22M	$179.28M	$202.40M	$222.24M	$151.54M	$140.91M	$184.00M	$118.56M	$109.38M	$98.08M	$87.36M	$80.27M	$73.95M	$67.92M	$92.61M	$60.74M	$54.59M
Low Forecast	$310.03M	$300.12M	$289.34M	$277.10M	$262.29M	$253.01M	$245.50M	$235.45M	$230.22M	$220.81M	$213.67M	$148.42M	$198.80M	$187.76M	$178.39M	$134.93M	$148.16M	$150.69M	$140.12M	$122.66M	$117.89M	$108.76M	$97.53M	$86.87M	$79.82M	$73.53M	$67.54M	$61.74M	$60.39M	$54.28M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.83%	0.94%	0.93%	-	0.83%	0.98%	1.12%	-	1.08%	1.01%	1.11%	-	1.03%	1.07%	1.05%	-	1.07%	1.18%

Smartsheet's average Quarter SG&A projection for May 24 is $185.53M, based on 5 Wall Street analysts, with a range of $148.42M to $222.64M. The forecast indicates a 11.93% rise compared to SMAR last annual SG&A of $165.76M (Jan 24).

Smartsheet EPS Forecast

	Jan 27	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20	Oct 19
# Analysts	5	5	5	5	5	4	4	4	10	11	5	5	6	12	6	6	6	9	9	9	9	6	6	6	8	15	8	10	16	10
EPS	-	-	-	-	-	-	-	-	-	-	-	-	$-0.07	$-0.24	$-0.25	-	$-0.33	$-0.31	$-0.48	-	$-0.42	$-0.29	$-0.35	-	$-0.23	$-0.26	$-0.22	-	$-0.24	$-0.25
Avg Forecast	$0.56	$0.51	$0.48	$0.47	$0.44	$0.40	$0.39	$0.36	$0.33	$0.30	$0.29	$0.27	$0.19	$0.09	$0.07	$0.08	$-0.01	$-0.15	$-0.20	$-0.19	$-0.15	$-0.11	$-0.13	$-0.14	$-0.13	$-0.21	$-0.15	$-0.19	$-0.16	$-0.18
High Forecast	$0.56	$0.51	$0.48	$0.47	$0.44	$0.40	$0.39	$0.36	$0.33	$0.32	$0.29	$0.27	$0.19	$0.10	$0.07	$0.08	$-0.01	$-0.15	$-0.20	$-0.19	$-0.15	$-0.11	$-0.13	$-0.14	$-0.13	$-0.21	$-0.15	$-0.19	$-0.16	$-0.18
Low Forecast	$0.55	$0.51	$0.48	$0.47	$0.44	$0.40	$0.39	$0.36	$0.32	$0.29	$0.29	$0.27	$0.19	$0.09	$0.07	$0.08	$-0.01	$-0.15	$-0.20	$-0.19	$-0.15	$-0.11	$-0.13	$-0.14	$-0.14	$-0.22	$-0.15	$-0.20	$-0.16	$-0.18
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-0.35%	-2.75%	-3.36%	-	41.57%	2.08%	2.40%	-	2.81%	2.74%	2.62%	-	1.71%	1.21%	1.45%	-	1.49%	1.38%

According to undefined Wall Street analysts, Smartsheet's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to SMAR previous annual EPS of $NaN (undefined).

Smartsheet Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
SPT	Sprout Social	$29.09	$65.00	123.44%	Buy
ASAN	Asana	$13.78	$25.05	81.79%	Buy
AYX	Alteryx	$48.26	$80.86	67.55%	Buy
BILL	Bill.com	$86.09	$142.04	64.99%	Buy
PD	PagerDuty	$18.69	$30.13	61.21%	Buy
AMPL	Amplitude	$10.49	$15.80	50.62%	Hold
ESTC	Elastic	$88.27	$125.00	41.61%	Buy
CXM	Sprinklr	$7.78	$10.79	38.69%	Buy
DT	Dynatrace	$51.58	$61.46	19.15%	Buy
DDOG	Datadog	$133.41	$145.31	8.92%	Buy
MNDY	monday	$257.02	$279.31	8.67%	Buy
KC	Kingsoft Cloud	$4.59	$4.97	8.28%	Buy
GTLB	GitLab	$60.91	$63.63	4.47%	Buy
SMAR	Smartsheet	$55.89	$56.59	1.25%	Hold
TEAM	Atlassian	$247.73	$246.52	-0.49%	Buy
CDNS	Cadence Design Systems	$299.63	$276.07	-7.86%	Buy
HUBS	HubSpot	$682.53	$599.36	-12.19%	Buy

SMAR Forecast FAQ

Is Smartsheet a good buy?

No, according to 18 Wall Street analysts, Smartsheet (SMAR) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 33.33% of SMAR's total ratings.

What is SMAR's price target?

Smartsheet (SMAR) average price target is $56.59 with a range of $40 to $100, implying a 1.25% from its last price of $55.89. The data is based on 18 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Smartsheet stock go up soon?

According to Wall Street analysts' prediction for SMAR stock, the company can go up by 1.25% (from the last price of $55.89 to the average price target of $56.59), up by 78.92% based on the highest stock price target, and down by -28.43% based on the lowest stock price target.

Can Smartsheet stock reach $80?

SMAR's highest twelve months analyst stock price target of $100 supports the claim that Smartsheet can reach $80 in the near future.

What are Smartsheet's analysts' financial forecasts?

Smartsheet's analysts financial forecasts for the fiscal year (Jan 2026) are as follows: average revenue is $1.28B (high $1.29B, low $1.28B), average EBITDA is $-317M (high $-317M, low $-318M), average net income is $223.94M (high $224.72M, low $223.26M), average SG&A $998.59M (high $1B, low $996.25M), and average EPS is $1.59 (high $1.59, low $1.58). SMAR's analysts financial forecasts for the fiscal year (Jan 2027) are as follows: average revenue is $1.51B (high $1.52B, low $1.51B), average EBITDA is $-375M (high $-374M, low $-376M), average net income is $283.63M (high $284.61M, low $282.77M), average SG&A $1.18B (high $1.18B, low $1.18B), and average EPS is $2.01 (high $2.02, low $2).

Did the SMAR's actual financial results beat the analysts' financial forecasts?

Based on Smartsheet's last annual report (Jan 2024), the company's revenue was $958.34M, beating the average analysts forecast of $940.31M by 1.92%. Apple's EBITDA was $-93.27M, missing the average prediction of $-241M by -61.31%. The company's net income was $-105M, beating the average estimation of $-20.593M by 408.09%. Apple's SG&A was $658.1M, missing the average forecast of $734.29M by -10.38%. Lastly, the company's EPS was $-0.78, missing the average prediction of $0.431 by -280.92%. In terms of the last quarterly report (Jan 2024), Smartsheet's revenue was $256.95M, beating the average analysts' forecast of $255.26M by 0.66%. The company's EBITDA was $-9.566M, missing the average prediction of $-63.17M by -84.86%. Smartsheet's net income was $-8.976M, missing the average estimation of $26.72M by -133.60%. The company's SG&A was $165.76M, missing the average forecast of $198.82M by -16.63%. Lastly, the company's EPS was $-0.0658, missing the average prediction of $0.189 by -134.76%