Monday.com price target raised to $280 from $240 at Tigress Financial

Tigress Financial analyst Ivan Feinseth raised the firm’s price target on Monday.com to $280 from $240 and keeps a Buy rating on the shares. The firm noted that the raised 12-month target price of $280 represents a potential return of over 20% from current levels. The analyst believes the evolution of the company’s Work OS into a “robust” enterprise management platform “continues to drive ongoing new customer adoption and expanded customer use as it increasingly enables multiple system integration across an organization and will continue to drive increasing revenue and cash flow growth.”