Wells Fargo raised the firm’s price target on Monday.com (MNDY) to $340 from $330 and keeps an Overweight rating on the shares. The firm believes Monday.com is best positioned to win mid-market ITSM share after JSM, benefiting from similar trends as Atlassian (TEAM). While it is admittedly early, Wells’ diligence suggests the initial adoption curve could be steep as customers layer on.
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