Monday.com price target raised to $250 from $240 at Oppenheimer

Oppenheimer analyst Ittai Kidron raised the firm’s price target on Monday.com to $250 from $240 and keeps an Outperform rating on the shares after the company delivered “strong” Q1 results and raised 2024 guidance. Following what the firm calls “an impressive quarter and encouraging outlook in a still choppy environment,” Oppenheimer is positive on the shares and sees room for upward revisions, the analyst tells investors.