KeyBanc analyst Jason Celino raised the firm’s price target on Monday.com to $220 from $205 and keeps an Overweight rating on the shares. KeyBanc believes a premium valuation is warranted given Monday’s momentum in Enterprise, strength in performance-based marketing, and growing traction of the Work OS add-ons, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on MNDY:
- Monday.com price target raised to $220 from $200 at Oppenheimer
- Monday.com upgraded to Buy from Hold at Jefferies
- Workday price target raised to $330 from $300 at Piper Sandler
- Snowflake price target raised to $250 from $220 at Piper Sandler
- Monday.com price target raised to $250 from $225 at Piper Sandler