Needham bullish on Smartsheet's position

|About: Smartsheet Inc. (SMAR)|By:, SA News Editor

Needham's after-hours Smartsheet (NYSE:SMAR) start yesterday was bullish as analyst Scott Berg sees the company as a leader in the "hyper-growth Work Management space."

Berg notes the efficient customer acquisition model that should be long-term profitable and prefers the predictable revenues of a subscription-based model to perpetual licenses.

Smartsheet shares are up 4.7% to $40.44.

Previously: Needham out bullish on Smartsheet (April 11)

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