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
See the top stocks recommended by analysts >>
Read More on MNDY:
- 3 Stocks to Buy Today, 2/14/2023, According to Top Analysts
- Monday.com price target raised to $170 from $140 at Credit Suisse
- Monday.com price target raised to $180 from $156 at KeyBanc
- Monday.com price target raised to $169 from $132 at Citi
- Monday.com price target raised to $185 from $130 at Piper Sandler