5 Best Growth Stocks to Buy According to Mark Moore’s ThornTree Capital

3. Smartsheet Inc. (NYSE:SMAR)

Number of Hedge Fund Holders: 50

Recently, Goldman Sachs named Smartsheet Inc. (NYSE:SMAR) as one of its best high-growth stocks in 2022. It is a software company that provides work management services to its users. With strong growth prospects and an attractive price valuation, Smartsheet Inc. (NYSE:SMAR) remains one of the best growth stocks to buy according to Mark Moore’s ThornTree Capital.

In its fiscal Q2 2022 results, Smartsheet Inc. (NYSE:SMAR) posted an EPS of -$0.05, beating the estimates by $0.08. In September, BMO Capital raised its price target on Smartsheet Inc. (NYSE:SMAR) to $90, post its strong Q2 earnings, while keeping an Outperform rating on the shares.

At the end of Q3 2021, 50 hedge funds tracked by Insider Monkey reported owning stakes in Smartsheet Inc. (NYSE:SMAR), up from 49 in the previous quarter. The total worth of these stakes is over $1.37 billion.