KeyBanc analyst Jason Celino raised the firm’s price target on Monday.com to $200 from $180 and keeps an Overweight rating on the shares. The firm cites 10-times 2024 EV/sales on increased momentum in Monday CRM adoption. Supported by momentum in Enterprise, strengths in performance-based marketing, and growing traction of the Work OS add-ons, KeyBanc believes a valuation premium is warranted.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MNDY:
