DA Davidson analyst Robert Simmons raised the firm’s price target on Monday.com to $190 from $170 and keeps a Buy rating on the shares. Monday.com’s Q3 report was good nearly across-the-board, with the only negative the continued decline in NRR, though that is also showing encouraging signs, the analyst tells investors in a research note. Newer offerings remain early but are ramping well, and there are multiple growth drivers ahead, the firm adds.
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