Monday.com price target raised to $169 from $132 at Citi

Citi analyst Steven Enders raised the firm’s price target on Monday.com to $169 from $132 and keeps a Buy rating on the shares. The company reported "strong" Q4 results and provided an initial outlook for 2023 that was three points ahead on revenue growth and pulled forward profitability on free cash flow, the analyst tells investors in a research note. The firm sees Monday.com as well positioned with newer initiatives.