Cowen analyst J. Derrick Wood raised the firm’s price target on Monday.com to $175 from $165 and keeps an Outperform rating on the shares. The analyst said despite some expansion headwinds upmarket, the company is seeing stability at the SMB level, and overall it is enjoying a more favorable competitive environment and we look for its product innovation and marketing efficiencies to help sustain strong growth execution in 2023.
Published first on TheFly
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