score:19
Chances:
- Smartsheet Inc. reported Q2 2024 earnings that exceeded guidance with 26% YoY revenue growth, which is a positive sign for the company.
- Smartsheet was recognized as a 2023 Gartner® Peer Insights™ Customers’ Choice for Collaborative Work Management, indicating strong market presence.
- Smartsheet introduced new AI features that unlock the power of its platform, which can drive innovation and customer adoption.
Risks:
- Investors may be losing patience with Smartsheet due to its increasing losses, resulting in a 7.2% stock price drop over the past week.
- Weak billings and sales outlook caused a tumble in Smartsheet’s stock price, indicating potential challenges ahead.
- Smartsheet stock dropped significantly in response to Q1 2024 earnings, which may raise concerns about the company’s financial performance.
Score:19
investment score = chances characters count - risks characters count
References:
- 2023-09-09 Kroger, Apple, Planet Labs, Smartsheet, RH, Snowflake, and More of Today’s Stock Market Movers
- 2023-09-09 Why Smartsheet Stock Popped Today
- 2023-09-09 These Stocks Are Moving the Most Today
- 2023-09-08 Smartsheet (SMAR): A Hidden Gem or Overpriced Stock? A Comprehensive Valuation Analysis
- 2023-09-08 Q2 2024 Smartsheet Inc Earnings Call
- 2023-09-08 Software Maker Smartsheet Swings To Quarterly Profit, Shares Rise
- 2023-09-08 Stock Market Rally Under Pressure Amid Rising Yields, Apple Woes: Weekly Review
- 2023-09-08 Smartsheet Inc. (NYSE:SMAR) Q2 2024 Earnings Call Transcript
- 2023-09-08 U.S. stocks head for down week as interest rate fears rise
- 2023-09-08 Smartsheet Inc (SMAR) Q2 2024 Earnings: Exceeds Guidance with 26% YoY Revenue Growth