Morgan Stanley initiated coverage of Monday.com (MNDY) with an Equal Weight rating and $330 price target Moving upmarket, expanding to multi-product and shifting to a sales led growth motion comes with risk, but the firm thinks Monday.com can successfully navigate most of these major changes, which represent “a large and compelling opportunity.” However, the firm also sees the success it expects as “fairly reflected” in the stock at current levels, the analyst tells investors.
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