Monday.com price target raised to $180 from $140 at Loop Capital

Loop Capital analyst Mark Schappel raised the firm’s price target on Monday.com to $180 from $140 and keeps a Buy rating on the shares. The company’s better than expected Q4 revenue growth and profitability is boosting the firm’s confidence in the stock, with operating margins also reaching an all-time high and the management offering above-consensus 2023 guidance, the analyst tells investors in a research note. Loop Capital also maintains a positive view on the name given its expectations that Monday.com will grow its market-leading share.