Smartsheet: Continuous Penetration Within Customer Base, With Improving Margin Profile

SOPA Images/LightRocket via Getty Images Summary Readers may find my previous coverage here. My previous rating was a buy, as I believed Smartsheet (NYSE:SMAR) would see growth revert back to 30%, driven by continuous market share gains from existing Excel users and the conversion of free to paid users. As growth recovers, valuation should revert back to peers' levels. I am reiterating my buy rating for SMAR as the business continues to show that its growth runway is still long and sustainable. SMAR continu ...