DA Davidson raised the firm’s price target on Monday.com (MNDY) to $350 from $300 but keeps a Neutral rating on the stock. The company delivered a “typical” beat in the quarter that was “better than feared”, sending shares higher after results, the analyst tells investors in a research note. Monday.com is executing well during a CRO transition and issued strong guidance for 2025, and the firm continues to view the company as a rare combination of high growth and profitability, but also views shares as appropriately reflecting its premium quality, DA Davidson added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MNDY:
- Analysts Raise Price Target for Monday.com (MNDY) after Strong Q4 Results
- Monday.com price target raised to $335 from $275 at Baird
- Monday.com price target raised to $375 from $310 at Canaccord
- Monday.com price target raised to $380 from $340 at Wells Fargo
- Monday.com price target raised to $400 from $300 at Jefferies