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Bullish Case: Raised FY '25 EPS forecasts and strong subscription revenue growth point to a steady financial trajectory, suggesting underestimated long-term value for SMAR.


Bearish Case: Subsequent stock dip post revenue outlook miss reflects concern over growth sustainability amid signs of broader cloud software spending slowdown.


Potential Outcomes:

1) Strong execution on GTM and Product strategies boosting stock (25%).

2) Market tech spending slowdown weighs on price (60%).

3) Mid-term rebound on mean reversion (15%).


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April 09, 2024


Smartsheet Forecast

SMAR        Smartsheet
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with SMAR



CNXC Forecast + Options Trading Strategies   [CNXC]  Concentrix (0.65)


IGV Forecast + Options Trading Strategies   [IGV]  BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector (0.58)


ZTS Forecast + Options Trading Strategies   [ZTS]  Zoetis (0.56)


REXR Forecast + Options Trading Strategies   [REXR]  Rexford Industrial Realty (0.55)


VSCO Forecast + Options Trading Strategies   [VSCO]  Victoria's Secret (0.54)



Uncorrelated Stock Forecasts

Assets with little price relationship to SMAR



BRK.B Forecast + Options Trading Strategies   [BRK.B]  Berkshire Hathaway (0.0)


JNUG Forecast + Options Trading Strategies   [JNUG]  Direxion Daily Junior Gold Miners Index Bu (-0.0)


COHR Forecast + Options Trading Strategies   [COHR]  Coherent (-0.0)


BTAI Forecast + Options Trading Strategies   [BTAI]  BioXcel Therapeutics (-0.0)


ALGM Forecast + Options Trading Strategies   [ALGM]  Allegro Microsystems (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against SMAR



PTEN Forecast + Options Trading Strategies   [PTEN]  Patterson-UTI Energy (-0.44)


SPXU Forecast + Options Trading Strategies   [SPXU]  ProShares UltraPro Short S&P 500 (-0.46)


CPG Forecast + Options Trading Strategies   [CPG]  Crescent Point Energy (-0.48)


CNK Forecast + Options Trading Strategies   [CNK]  Cinemark (-0.49)


XOM Forecast + Options Trading Strategies   [XOM]  Exxon Mobil (-0.56)





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