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Monday.com initiated with an Overweight at Wells Fargo

Wells Fargo analyst Ryan MacWilliams initiated coverage of Monday.com (MNDY) with an Overweight rating and $260 price target A refreshed architecture with MondayDB in late-2023 helped the company “take a lead within application SaaS,” says the analyst, who calls out the company’s scaling multi-product and upmarket motion, early signs of AI adoption among its customers, and an “easier setup” into Q3 “key positives.”

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