Professional
Added to YB: 2024-06-13
Pitch date: 2024-06-06
SMAR [bullish]
Smartsheet Inc.
+27.56%
current return
Author Info
No bio for this author
Company Info
Smartsheet Inc. designs and develops work management platform to plan, capture, manage, automate, and report on work for teams and organizations.
Market Cap
$7.9B
Pitch Price
$44.27
Price Target
60.00 (+6%)
Dividend
N/A
Sector
Software
Category
growth
Smartsheet Inc.: Robust Enterprise Momentum Supports Revenue and Profitability Beat
SMAR: Smartsheet raised to $60 PT on strong Q1; enterprise momentum driving 20% rev growth, 26% increase in $100K+ ARR customers, net retention 114%+ (120% for enterprise). Expanding margins (16% vs 10% LY) on larger base. Freemium model & functionality fueling paid user growth. Competitive but switching costs high. Very high uncertainty rating but exemplary capital allocation. Trades at 43x FY25 P/E, 7x EV/S.
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