JPMorgan added Monday.com to the firm’s U.S. Equity Analyst Focus List as a growth idea. The firm has an Overweight rating on the shares with a $220 price target. The analyst “strongl”y believes Monday “presents a unique opportunity for investors looking to get exposure to a quality, multi-product, durable-growth-at-scale story.” JPMorgan sees several variables that could drive upside to the model, including new product innovations, artificial intelligence monetization, future pricing adjustments and volume-based price components.
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