Smartsheet: Stars Aligned For Major Comeback

Liudmila Chernetska Introduction and Investment Thesis Smartsheet Inc. (NYSE:SMAR) shares have been one of those holdings in my high-growth tech portfolio, whose 2023 performance has been somewhat unsatisfying to me, although they increased more than 20% in value. Last time I covered the company was in June 2023, where I argued that the post-earnings sell-off resulting from a soft billings guidance is overdone. Newly emerging growth drivers, like GenAI-based solutions, improvement in margins and undervaluat ...