Baird initiated coverage of Monday.com with a Neutral rating and $250 price target. While calling Monday.com “one of the leading cloud-based work operating systems focusing on work collaboration software,” the firm looks to deepen its checks and conviction that the company can leverage its core Work Management success to drive similar success in newer competitive markets such as Sales CRM, Dev, and Service, the analyst tells investors. The company’s platform approach has been “a key competitive differentiator in a market where tool consolidation is still abundant,” the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MNDY:
- Tempus AI initiated, Helios downgraded: Wall Street’s top analyst calls
- Monday.com initiated with an Outperform at Wolfe Research
- Monday.com price target lowered to $270 from $280 at KeyBanc
- Monday.com removed from Americas Conviction List at Goldman Sachs
- Barclays Says Buy These Software Stocks as Organizations Start to Deploy Generative AI