Monday.com price target raised to $156 from $139 at KeyBanc

KeyBanc analyst Jason Celino raised the firm’s price target on Monday.com to $156 from $139 and keeps an Overweight rating on the shares. Despite the recent rally in the shares, the firm still heads into earnings positively. Given macro uncertainty and extra scrutiny on work management priorities, KeyBanc believes Street estimates look conservative enough for modest 2023 guidance upside for low-30% revenue growth.