DA Davidson raised the firm’s price target on Monday.com to $230 from $190 and keeps a Neutral rating on the shares. The company reported “strong” Q1 earnings, highlighted by top and bottom-line results that exceeded expectations, along with an incrementally positive outlook from management, the analyst tells investors in a research note. . Monday.com remains focused on delivering growth through their WorkOS platform and is driving further performance through their updated pricing model, which took effect for new customers this quarter, the firm added.
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