February 5, 2021, 2:29 pm EST
Make Spreadsheet Smartsheet (SMAR)
Do you use Excel or google spreadsheet or any spreadsheet these days? The spreadsheet was introduced more than 30 years ago and was made a popular or essential tool for business, education, or personal use through Microsoft Excel. Nowadays, google spreadsheet is a free version of a spreadsheet with many powerful tools and utilities embedded including charting, formula, export, import, integration, etc. Spreadsheet applications become endless for this digital era.
Thus, there should be a place for Smartsheet Inc. (SMAR) to build and expand based on this foundation.
- 9 billion Smartsheet has +20% EPS and +38% sales growth in the most recent quarter
- Its business starts from enterprise to education area for K-12 market as a recent press release with Edgenuity,
- Technically, breaking out 75 levels after about 2-month consolidation opens up a 52-week high and potential new uptrend.
- The entry point is about 76 with sell-stop 68