DA Davidson raised the firm’s price target on Monday.com (MNDY) to $350 from $300 but keeps a Neutral rating on the stock. The company delivered a “typical” beat in the quarter that was “better than feared”, sending shares higher after results, the analyst tells investors in a research note. Monday.com is executing well during a CRO transition and issued strong guidance for 2025, and the firm continues to view the company as a rare combination of high growth and profitability, but also views shares as appropriately reflecting its premium quality, DA Davidson added.
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