27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Analysts see sharp upside despite adjusting their price targets on Smartsheet Inc (NYSE:SMAR) following Q3 beat, Q4, and FY22 outlook.
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- BMO Capital analyst Keith Bachman lowered the price target to $88 from $90 (27% upside) but kept an Outperform.
- The reduced price target reflects macro interest rate risk and a pullback in software valuations, but the company's billings guide of 37%-40% was "very strong" and materially above consensus estimates.
- Bachman adds that he remains constructive on the shares longer-term as the stock has the most capable and complete platform while serving a total addressable market with meager penetration rates.
- Keybanc analyst Steve Enders maintained an Overweight and raised the price target from $94 to $100 (44% upside).
- Citi analyst Tyler Radke raised the price target to $80 from $72 and kept a Neutral.
- The analyst says that despite an overall strong performance, he's uncertain about the efficiency of Smartsheet's growth and how much hiring has contributed to billings growth.
- Wells Fargo analyst Michael Turrin lowered the price target to $74 from $84 (8% upside) and kept an Equal Weight.
- The analyst finds the print acknowledge "encouraging."
- Price Action: SMAR shares traded higher by 14.1% at $69.79 on the last check Friday.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.