BTIG initiated coverage of Monday.com (MNDY) with a Buy rating and $210 price target The company is showing it is not just a Work Management company as the firm estimates annual recurring revenue from new products of about $133M – 10% of total – is growing 84% y/y, the analyst tells investors in a research note. Monday.com is accelerating its go-to-market strategy through multi-product growth, moving upmarket, and customer retention, the firm added.
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