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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 $56.64 (represents a 1.12% upside from SMAR’s last price of $56.01) 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 $56.64 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $60.00 to $50.00. This represents a potential 1.12% upside from SMAR's last price of $56.01.

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 26, 2024Taylor McGinnisUBS$56.50$55.362.06%0.87%
Sep 25, 2024Rishi JaluriaRBC Capital$56.50$55.461.88%0.87%
Sep 25, 2024Keith BachmanBMO Capital$56.50$55.461.88%0.87%
Sep 06, 2024Josh BaerMorgan Stanley$57.00$49.3515.50%1.77%
Sep 06, 2024Keith BachmanBMO Capital$59.00$49.3519.55%5.34%
Sep 06, 2024Terry TillmanTruist Financial$60.00$49.3521.58%7.12%
Sep 06, 2024Rishi JaluriaRBC Capital$51.00$49.353.34%-8.94%
Sep 06, 2024Ryan MacWilliamsBarclays$50.00$49.351.32%-10.73%
Aug 29, 2024Taylor McGinnisUBS$61.00$48.5525.64%8.91%
Jul 19, 2024Michael BergWells Fargo$60.00$47.8125.50%7.12%
Jun 06, 2024Keith BachmanBMO Capital$48.00$44.058.98%-14.30%
Jun 06, 2024Josh BaerMorgan Stanley$53.00$37.7840.29%-5.37%
Jun 06, 2024Taylor McGinnisUBS$56.00$37.7848.23%-0.02%
Jun 06, 2024Michael BergWells Fargo$50.00$37.7832.35%-10.73%
Jun 06, 2024Rishi JaluriaRBC Capital$43.00$37.7813.82%-23.23%
Jun 06, 2024Ryan MacWilliamsBarclays$45.00$37.7819.11%-19.66%
Mar 18, 2024Keith BachmanBMO Capital$42.00$38.658.67%-25.01%
Mar 15, 2024Taylor McGinnisUBS$54.00$37.5243.92%-3.59%
Mar 15, 2024Alexei GogolevJ.P. Morgan$66.00$40.3063.77%17.84%
Mar 15, 2024Rishi JaluriaRBC Capital$36.00$37.52-4.05%-35.73%
Mar 15, 2024Steve EndersKeyBanc$51.00$37.5235.93%-8.94%
Sep 08, 2023Keith BachmanLoop Capital Markets$50.00$43.0316.20%-10.73%
Jun 08, 2023George IwanycOppenheimer$55.00$39.5139.21%-1.80%
Mar 15, 2023Fred LeeCredit Suisse$40.00$44.36-9.83%-28.58%
Mar 15, 2023Scott BergNeedham$57.00$44.3628.49%1.77%
Dec 02, 2022Jason CelinoKeyBanc$46.00$38.0221.00%-17.87%
Sep 26, 2022Jackson AderMoffettNathanson$50.00$31.6458.05%-10.73%
Sep 26, 2022Rishi JaluriaRBC Capital$32.00$31.641.15%-42.87%
Sep 02, 2022Brent ThillJefferies$40.00$34.1617.10%-28.58%
Jun 20, 2022Ittai KidronOppenheimer$65.00$28.27129.93%16.05%
Jun 16, 2022Keith WeissMorgan Stanley$68.00$27.45147.72%21.41%
May 23, 2022Brent ThillJefferies$50.00$35.6940.10%-10.73%
Mar 19, 2022Keith BachmanBMO Capital$55.00$51.257.32%-1.80%
Mar 16, 2022Steve EndersKeyBanc$58.00$44.6629.87%3.55%
Mar 16, 2022Rishi JaluriaRBC Capital$40.00$44.66-10.43%-28.58%
Mar 15, 2022Michael TurrinWells Fargo$70.00$43.4960.96%24.98%
Feb 24, 2022Stan ZlotskyMorgan Stanley$75.00$53.7839.46%33.90%
Jan 04, 2022Robert Simmons, CFAD.A. Davidson$100.00$73.3236.39%78.54%

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 0.87% increase from SMAR last price ($56.01).

Smartsheet Price Target by Period

1M3M12M
# Anlaysts-321
Avg Price Target-$56.50$52.93
Last Closing Price$56.01$56.01$56.01
Upside/Downside-100.00%0.87%-5.50%

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 $56.01. 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

DateCompanyPrevious RatingNew RatingRating Change
Nov 11, 2024GuggenheimBuyNeutralDowngrade
Sep 26, 2024CitigroupBuyNeutralDowngrade
Sep 26, 2024UBSUnderperformNeutralDowngrade
Sep 25, 2024Wolfe ResearchPeer PerformDowngrade
Sep 25, 2024Wells FargoSector PerformSector PerformHold
Sep 25, 2024UBSUnderperformUnderperformHold
Sep 25, 2024BMO CapitalOutperformMarket PerformDowngrade
Sep 24, 2024William BlairMarket PerformDowngrade
Sep 24, 2024Wells FargoSector PerformEqual-WeightDowngrade
Sep 24, 2024NeedhamBuyHoldDowngrade
Sep 24, 2024JefferiesBuyHoldDowngrade
Sep 06, 2024UBSSector PerformSector PerformHold
Sep 06, 2024Truist FinancialUnderperformUnderperformHold
Sep 06, 2024BMO CapitalOutperformOutperformHold
Sep 06, 2024GuggenheimBuyBuyHold
Sep 06, 2024NeedhamBuyBuyHold
Sep 06, 2024RBC CapitalSector PerformSector PerformHold
Sep 06, 2024CitigroupBuyBuyHold
Sep 06, 2024BarclaysEqual-WeightEqual-WeightHold
Aug 29, 2024UBSBuyBuyHold
Aug 20, 2024Wells FargoSector PerformSector PerformHold
Aug 20, 2024Morgan StanleyOverweightOverweightHold
Jul 19, 2024JefferiesBuyBuyHold
Jul 19, 2024Wells FargoOverweightOverweightHold
Jun 25, 2024Wells FargoSector PerformSector PerformHold
Jun 06, 2024BMO CapitalOutperformOutperformHold
Jun 06, 2024Morgan StanleyOverweightOverweightHold
Jun 06, 2024UBSBuyBuyHold
Jun 06, 2024Wells FargoOverweightOverweightHold
Jun 06, 2024RBC CapitalSector PerformSector PerformHold
Jun 06, 2024Canaccord GenuityBuyBuyHold
Jun 06, 2024BarclaysEqual-WeightEqual-WeightHold
Mar 18, 2024Wells FargoSector PerformSector PerformHold
Mar 18, 2024Canaccord GenuityBuyBuyHold
Mar 15, 2024Wells FargoOverweightOverweightHold
Mar 15, 2024BarclaysEqual-WeightEqual-WeightHold
Mar 15, 2024JefferiesBuyBuyHold
Mar 15, 2024OppenheimerOutperformOutperformHold
Mar 15, 2024Piper SandlerOverweightOverweightHold
Jan 11, 2024CitigroupBuyUpgrade
Dec 08, 2023Canaccord GenuityBuyBuyHold
Sep 20, 2023NeedhamBuyBuyHold
Sep 08, 2023BMO CapitalOutperformOutperformHold
Jun 08, 2023OppenheimerOutperformOutperformHold
Jun 08, 2023NeedhamBuyBuyHold
Mar 24, 2023GuggenheimBuyBuyHold
Mar 15, 2023NeedhamBuyBuyHold
Mar 15, 2023Credit SuisseNeutralNeutralHold
Mar 15, 2023KeyBancOverweightOverweightHold
Mar 15, 2023RBC CapitalSector PerformSector PerformHold
Dec 02, 2022KeyBancOverweightOverweightHold
Sep 26, 2022MoffettNathansonOutperformInitialise
Sep 23, 2022Credit SuisseNeutralInitialise
Jun 20, 2022OppenheimerOutperformOutperformHold
Jun 16, 2022Morgan StanleyOverweightOverweightHold
May 23, 2022JefferiesBuyBuyHold
Apr 26, 2022Zacks Investment ResearchSellDowngrade
Mar 19, 2022BMO CapitalOutperformOutperformHold
Feb 24, 2022Morgan StanleyOverweightOverweightHold

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 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21Jul 21May 21Jan 21Oct 20Jul 20May 20Jan 20Oct 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$394.08M$381.71M$368.67M$352.40M$337.76M$327.53M$315.86M$301.96M$295.52M$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$394.79M$382.40M$369.33M$353.03M$338.36M$328.12M$316.43M$302.50M$295.95M$284.78M$274.37M$258.29M$255.29M$241.65M$229.98M$214.51M$206.59M$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$393.15M$380.81M$367.80M$351.57M$336.96M$326.76M$315.12M$301.25M$295.29M$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
# Analysts654853369115561266699996668158101610
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 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21Jul 21May 21Jan 21Oct 20Jul 20May 20Jan 20Oct 19
# Analysts654853369115561266699996668158101610
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$-96.49M$-93.46M$-90.27M$-86.29M$-82.70M$-80.20M$-77.34M$-73.94M$-72.36M$-69.50M$-67.18M$-67.53M$-62.50M$-59.10M$-56.21M$-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$-96.27M$-93.24M$-90.06M$-86.08M$-82.51M$-80.01M$-77.16M$-73.76M$-72.30M$-69.41M$-67.17M$-54.02M$-62.49M$-59.02M$-56.08M$-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$-96.67M$-93.63M$-90.43M$-86.44M$-82.85M$-80.34M$-77.48M$-74.07M$-72.46M$-69.73M$-67.18M$-81.03M$-62.51M$-59.17M$-56.31M$-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%0.60%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 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21Jul 21May 21Jan 21Oct 20Jul 20May 20Jan 20Oct 19
# Analysts654853369115561266699996668158101610
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$71.72M$66.84M$64.15M$61.18M$63.90M$58.95M$55.84M$51.85M$48.09M$43.37M$41.95M$-77.16M$27.00M$12.46M$10.62M$-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$71.89M$67.00M$64.30M$61.32M$64.05M$59.09M$55.97M$51.97M$48.20M$46.26M$41.95M$-61.73M$27.59M$14.01M$10.64M$-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$71.50M$66.64M$63.95M$60.99M$63.70M$58.77M$55.67M$51.69M$46.63M$41.92M$41.95M$-92.59M$26.41M$12.42M$10.59M$-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 %-------------0.33%-2.60%-3.14%-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 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21Jul 21May 21Jan 21Oct 20Jul 20May 20Jan 20Oct 19
# Analysts654853369115561266699996668158101610
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$306.95M$297.31M$287.16M$274.48M$263.08M$255.11M$246.03M$235.20M$230.18M$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$307.50M$297.85M$287.67M$274.98M$263.55M$255.57M$246.47M$235.62M$230.52M$221.82M$213.71M$222.64M$198.85M$188.22M$179.13M$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$306.23M$296.61M$286.48M$273.84M$262.46M$254.51M$245.45M$234.64M$230.00M$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 27Oct 26Jul 26May 26Jan 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22Oct 21Jul 21May 21Jan 21Oct 20Jul 20May 20Jan 20Oct 19
# Analysts654853369115561266699996668158101610
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$0.50$0.47$0.45$0.43$0.45$0.41$0.39$0.36$0.34$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$0.50$0.47$0.45$0.43$0.45$0.41$0.39$0.36$0.34$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$0.50$0.47$0.45$0.43$0.45$0.41$0.39$0.36$0.33$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
SPTSprout Social$34.70$50.6746.02%Buy
MNDYmonday$251.80$296.2517.65%Buy
PDPagerDuty$19.60$22.6715.66%Buy
GTLBGitLab$59.14$64.008.22%Buy
DTDynatrace$55.50$59.507.21%Buy
CDNSCadence Design Systems$311.35$322.503.58%Buy
CXMSprinklr$9.30$9.603.23%Buy
SMARSmartsheet$55.96$56.641.22%Hold
DDOGDatadog$156.91$148.25-5.52%Buy
HUBSHubSpot$741.67$671.25-9.49%Buy
ESTCElastic$107.25$93.00-13.29%Buy
TEAMAtlassian$269.79$231.46-14.21%Buy
AMPLAmplitude$11.68$10.00-14.38%Hold
BILLBill.com$87.46$63.82-27.03%Buy
ASANAsana$26.32$14.00-46.81%Buy
KCKingsoft Cloud$8.49$3.20-62.31%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 $56.64 with a range of $50 to $60, implying a 1.12% from its last price of $56.01. 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 1.12% (from the last price of $56.01 to the average price target of $56.64), up by 7.12% based on the highest stock price target, and down by -10.73% based on the lowest stock price target.

Can Smartsheet stock reach $80?

SMAR's average twelve months analyst stock price target of $56.64 does not support 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 $-314M (high $-313M, low $-315M), average net income is $230.54M (high $231.08M, low $229.83M), average SG&A $999.41M (high $1B, low $997.06M), and average EPS is $1.62 (high $1.62, low $1.61). SMAR's analysts financial forecasts for the fiscal year (Jan 2027) are as follows: average revenue is $1.5B (high $1.5B, low $1.49B), average EBITDA is $-367M (high $-366M, low $-367M), average net income is $263.89M (high $264.5M, low $263.08M), average SG&A $1.17B (high $1.17B, low $1.16B), and average EPS is $1.85 (high $1.85, low $1.84).

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 $-239M by -61.01%. The company's net income was $-105M, beating the average estimation of $-20.063M by 421.52%. 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 $-62.502M by -84.69%. Smartsheet's net income was $-8.976M, missing the average estimation of $27M by -133.24%. 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%