DA Davidson analyst Robert Simmons upgraded Monday.com to Buy from Neutral with a $170 price target ahead of the company reporting its Q3 results on Monday, November 13. The firm believes the company can outperform guidance by “a healthy margin” based on its analysis of third party data, talking to managements, and recent reads from relatively similar software reports, the analyst tells investors. The firm views the recent share price dislocation as “largely not fundamental-based,” the analyst 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>>
See today’s best-performing stocks on TipRanks >>
Read More on MNDY:
- 5 Top Mid-Cap Stocks to Buy Now, According to Analysts – October 2023
- Monday.com price target lowered to $200 from $215 at Piper Sandler
- Monday (NASDAQ:MNDY) Gets Neutral Rating at UBS, Shares Fall
- Target upgraded, Beyond Meat downgraded: Wall Street’s top analyst calls
- Monday.com initiated with a Neutral at UBS