Shares of cloud-based work management platform Smartsheet (SMAR) rallied by 17% in a single session last Thursday after the company's results for the first quarter smashed expectations. Founded in 2005 and based out of Bellevue, Washington, SMAR stock is still down by about 7.4% on a YTD basis, and trades roughly 10% below its 52-week highs.
Now valued at over $6 billion, will those upbeat earnings results act as a base for the company's stock to move higher in the weeks and months ahead? Here's a closer look at what's working with the company's business model, and the latest analyst notes after Smartsheet's forecast-crushing earnings report.
