Monday.com price target raised to $250 from $220 at Canaccord

Canaccord raised the firm’s price target on Monday.com to $250 from $220 and keeps a Buy rating on the shares. The firm said it’s still quite early in the multi-product adoption story and they see ample room for new product introduction over the next several years, and in the near term, price should be a benefit to metrics over the next several quarters.