Bank of America Securities analyst Michael Funk reiterated a Buy rating on Monday.com (MNDY – Research Report) yesterday and set a price target of $340.00.
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Michael Funk has given his Buy rating due to a combination of factors that highlight Monday.com’s strong financial performance and potential for future growth. The company reported impressive first-quarter results for 2025, with revenue and adjusted operating margin surpassing market expectations. Despite a conservative approach to guidance, Monday.com raised its outlook, indicating confidence in its ongoing performance.
Furthermore, the company’s strategic initiatives, such as multi-product adoption and upmarket traction, are progressing well, reinforcing the bullish outlook. Monday.com is on track to achieve the Rule of 55 by 2025, a rare feat among software vendors, which combines revenue growth and free cash flow margin. This potential is not fully reflected in the current valuation, making the stock an attractive investment opportunity. Consequently, Michael Funk reiterates a Buy rating with a price objective of $340.
In another report released today, Barclays also maintained a Buy rating on the stock with a $345.00 price target.