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)
Now read: GrubHub -6.5% after Uber's IPO filing »
Subscribe for full text news in your inbox