DA Davidson analyst Gil Luria raised the firm’s price target on Monday.com to $250 from $230 and keeps a Neutral rating on the shares. The company delivered a healthy beat and raise quarter given durable demand across its customer base and a new record seat expansion with a long-time customer, the analyst tells investors in a research note. Monday.com’s product adoption is growing, and its price increases have been received well so far, the firm added.
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