Monday.com price target raised to $160 from $150 at DA Davidson

DA Davidson analyst Robert Simmons raised the firm’s price target on Monday.com to $160 from $150 but keeps a Neutral rating on the shares after its Q4 earnings beat and above-consensus initial guidance. The company is "powering through" the decline in large customer net retention rate, and while the potential for upside is lower than in the past, its guidance leaves a margin of safety, the analyst tells investors in a research note. The firm adds however that the stock’s "premium valuation" is also keeping it at neutral.