Monday.com price target raised to $180 from $150 at Jefferies

Jefferies analyst Brent Thill raised the firm’s price target on Monday.com to $180 from $150 and keeps a Hold rating on the shares. The company delivered its ninth quarter of revenue beat and raised outlook since its initial public offering, the analyst tells investors in a research note. The firm says “encouraging momentum” for Monday.com but says the stock’s valuation is fair at current levels.