Smartsheet’s Review Following ENGAGE 2022
<p>RBC Capital analysts provided their key takeaways from <a href='https://financialmodelingprep.com/financial-summary/SMAR'>Smartsheet’s (NYSE:SMAR)</a> annual user conference ENGAGE 2022, coming away positive on the company's GTM and competitive positioning, but mixed on the spend outlook. </p>
<p>On the positive side, the analysts mentioned that customer interest in Advance was encouraging and they see meaningful expansion opportunities within the installed base. </p>
<p>However, near-term spending intentions were mixed and while the partner announcement was positive, the ecosystem is still very early and growing much slower than total revenue. </p>
<p>The analysts reiterated their sector perform rating and $32 price target, remaining sidelined given their concerns on crowded competition in an unproven TAM.</p>

NYSE:SMAR