Loop Capital analyst Mark Schappel lowered the firm’s price target on Monday.com (MNDY) to $375 from $385 and keeps a Buy rating on the shares. The company’s solid Q1 was another proof point that Monday.com is likely to emerge as the winner in the seemingly crowded collaborative workflow tools market where it continues to pull away from the pack, the analyst tells investors in a research note. Revenue growth advanced 30%, large customer adds were strong, and revenue retention was healthy at 116% for the $50K customer cohort, Loop added.
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