In an extended session late this week, Smartsheet (SMAR) shares jumped on the heels of its first-quarter earnings, which beat estimates. At the market close, Smartsheet shares were at $37.79. By the next morning, it had reached $43.98, for a gain of more than 15%. Smartsheet’s Q1 2025 total revenue was $263.0 million, a rise of 20% YoY. Its ARR (annualized recurring revenue) was up 19% to $1.056 billion. The company reported $50.1 million in operating cash flow for the first quarter and a free cash flow of $45.7 million. This is a rise of 47% from last year. Smartsheet also announced its first $150 million share buyback program.
Who Is Smartsheet?
Smartsheet is a dynamic cloud-based business management platform enabling companies to plan, manage, automate, and report on their work projects. The software is marketed as a service (SaaS) to companies of all sizes, from small businesses to enterprise organizations. There is a free version plus three paid tiers. Its uniqueness is that the platform allows a large degree of customization. Also, it can scale from one project to comprehensive end-to-end project management. The company estimates that over 80% of Fortune 500 companies use Smartsheet, and its profits primarily come from annual subscriptions.
What The Analysts Are Saying
SMAR has proven to be very volatile. In the past year, it made moves greater than 5% a dozen times, showing that the news significantly impacts market perception. However, this hasn’t made Wall Street bearish on the company. What do analysts say right now about Smartsheet stock? Based on recommendations from Barclays Capital, Guggenheim Securities, Oppenheimer, and Morgan Stanley, the consensus is that SMAR is a strong buy. The consensus 12-month price target is $50.43, with a high of $57. As of Friday afternoon, Smartsheet shares were trading around $44.56, a rise of .66%.
Neither Julie Stoller nor Stocks.News has positions in the stocks mentioned in this article. Please see our disclosure page for more information.
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Julie Stoller
Contributing Writer
As a professional writer since 2012, Julie Stoller has covered many industries, from healthcare and technology to consumer products and industrials. She has written about IPOs, spinoffs, ETFs, stock splits, commodities, legislative actions impacting investors, and macroeconomic issues. While keeping up with the latest meme stocks and trends, Julie's special interests are discovering ...