Citi analyst Steve Enders downgrades $Smartsheet (SMAR.US)$ to a hold rating, and adjusts the target price from $63 to $56.5.
According to TipRanks data, the analyst has a success rate of 55.6% and a total average return of -3.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Smartsheet (SMAR.US)$'s main analysts recently are as follows:
The likelihood of shareholder approval for Smartsheet's definitive acquisition agreement with private equity firms is high, and the anticipation is that an alternative bidder will probably not emerge during the go-shop period.
The acquisition of Smartsheet at $56.50 per share in an all-cash transaction is seen as a significant conclusion to the company's narrative.
Note:
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