Wells Fargo analyst Michael Berg raised the firm’s price target on Monday.com (MNDY) to $365 from $335 and keeps an Overweight rating on the shares. The firm recommends investors stay selective through summer but ultimately expects another second half of the year rebound across software as macro noise dissipates and seasonal buying behavior opens back up.
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Read More on MNDY:
- Salesforce (CRM) Faces Neutral Outlook as Valuation Struggle Sours Investor Sentiment
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Asana downgraded to Underweight from Equal Weight at Morgan Stanley
- Monday.com price target lowered to $375 from $385 at Loop Capital
- Monday.com price target raised to $335 from $310 at Wells Fargo
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