Morgan Stanley maintains Smartsheet Inc.(SMAR:NYE) with an Overweight rating and lowers the  target price to $62

Morgan Stanley maintains Smartsheet Inc. with an Overweight rating and lowers the target price to $62 from $68 on the company’s stock.

Based on the Smartsheet Inc stock forecasts from 13 analysts, the average analyst target price for Smartsheet Inc is USD 55.11 over the next 12 months. Smartsheet Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Smartsheet Inc is Slightly Bearish, which is based on 2 positive signals and 4 negative signals. At the last closing, Smartsheet Inc’s stock price was USD 30.82Smartsheet Inc’s stock price has changed by -12.79% over the past week, +1.52% over the past month and -62.16% over the last year.

What we like:

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

What we don’t like:

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.

Negative free cash flow

The company had negative total free cash flow in the most recent four quarters.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector.