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Monday.com price target raised to $160 from $120 at Canaccord
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Monday.com price target raised to $160 from $120 at Canaccord

Canaccord analyst David Hynes raised the firm’s price target on Monday.com to $160 from $120 and keeps a Buy rating on the shares. The analyst said Monday.com reported upside year-end results as the firm’s Q4 revenue beat was its largest of the year, 2022 was the second consecutive year of FCF profitability, and the firm’s initial view for 2023 came in ahead of consensus.

Published first on TheFly

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