Smartsheet Inc Class A
SMAR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$41.00 | Fpkdgs | Hcywzbrmr |
Smartsheet Earnings: Strong Profitability Aided by Operational Efficiency Drives Q2 Outperformance
We are maintaining our $60 fair value estimate for narrow-moat Smartsheet after the firm delivered solid second-quarter results, with the top line above our forecasts and the bottom line surpassing all estimates. Smartsheet has shown resilience in a tight software market as the enterprise segment continues to gain momentum and strong profitability outperformance propels the company forward. Shares were trading up 4% after hours, and we currently view the company as undervalued.