Goldman Sachs raised the firm’s price target on Monday.com to $300 from $270 and keeps a Buy rating on the shares. The company’s Q1 outperformed across all metrics and management maintained its “beat-and-raise posture,” the analyst tells investors in a research note. The firm continues to believe Monday.com is undervalued, saying it “offers a rare example” of a company with growing momentum in the enterprise, small business strength, and healthy free cash flow margins.
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